Top Section/Ad
Top Section/Ad
Most recent
The public bond market needs a Gulf reopener with transparent pricing
Turbulent market conditions of the Middle East war have pushed bond issuers and investors to try new things
A swift response is tempting, but lenders should avoid kneejerk reaction
Talk of de-dollarisation has evaporated. The dollar market remains the undisputed king of financing
More articles/Ad
More articles/Ad
More articles
-
Cheung Kong Group is considering returning to the offshore renminbi equity market — but this time in Singapore. If it is anything like its last reminbi deal, the listing of Hui Xian Reit in Hong Kong, the deal will be overpriced and might be tough to follow. But the opportunism should be applauded.
-
After a feeding frenzy at the start of the year, Asia’s dollar markets are now suffering from long expected indigestion. Local debt liquidity is about to be tested as the region’s domestic markets will have to pick up some of the slack. Conversely, loans bankers, who have had a torrid time in 2012, could be forgiven if they now feel a sense of schadenfreude over their peers on the bond desks. Having had to watch their DCM colleagues poaching business for much of the year, they are ready to start bringing business back to their own desks.
-
African deals have impressed with consistent oversubscriptions this quarter, but borrowers waiting on the sidelines must move quickly if they are to emulate others’ successes.
-
The appointment of external auditors to look at the strength of Spain’s banks is a welcome development. But it will not necessarily resolve investor frustration at Spain’s softly, softly approach towards cleaning up the banking sector.
-
Attempts to provide investors with regular, standardised and transparent covered bond collateral information are to be applauded. But a fundamental shift in how Spanish banks collect and report data is needed for prospective Cédulas buyers to benefit.
-
Standard Chartered’s breaking of the Rmb1bn ($158.2m) barrier in ECP sold out of London may seem like small Tsingtao when compared with the size of the market as a whole. But the speed at which the issuer reached the milestone is testament to the flexibility of the ECP product and its ability to adapt, despite the slings and arrows it has faced over the last five years.