The GlobalCapital Asia View

• Bond investors are playing with fire

  

  Asia’s bond market has had an undeniably stellar start to 2020. Despite the spread of the novel coronavirus, now named Covid-19, investors are continuing to buy bonds at remarkably tight prices as issuance accelerates. But the non-stop enthusiasm raises a serious question — are market participants too positive?

  • 24 Feb 2020

• Equity markets should brace for worse to come after Apple’s coronavirus warning

  

  Apple’s announcement that it is likely to miss revenue estimates for the first quarter of 2020 should serve as a warning to equity investors that the economic effects of the coronavirus outbreak should be feared alongside any threat of it becoming a pandemic.

  • 18 Feb 2020

• Trans Retail loan: right call on staggered fees

  

  Trans Retail Indonesia has caused a stir by deciding to structure its new syndicated loan with a relatively rare two-stage participation fee payment. Although not all banks will be wholeheartedly on board, the borrower’s move is savvy under the circumstances.

  • 18 Feb 2020

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Clawback

Former ECM banker Philippe Espinasse dissects Asia's equity capital markets.

• Flying high in the year of the pig

  In his latest Clawback column, Philippe Espinasse takes a look at the Hong Kong stock exchange’s new three year plan and its desire to be a global listing hub.

  • 08 Mar 2019

• Stabilisation profits: sharing is caring

  Clawback columnist Philippe Espinasse turns his attention to one of the ECM world’s best-guarded secrets: the profits banks can make from stabilisation.

  • 13 Feb 2019

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Southpaw

• UBS goes for ‘one firm’ approach to improve IB

  Sergio Ermotti’s call for improvement in UBS’s investment bank could be undermined by the arrival of his successor as chief executive, writes David Rothnie.

  • 27 Feb 2020

• HSBC’s restructuring: is it enough though?

  HSBC’s corporate finance staff have survived its restructuring largely unscathed, but the more ambitious among them will see the bank’s plans as a missed opportunity, writes David Rothnie. And with no answer yet on the identity of the next full-time CEO, the uncertainty is not over.

  • 20 Feb 2020

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