Free content
-
Asiamoney PLUS highlights the latest job moves across the fixed income and financial markets.
-
Top 3 Asia (ex Japan) Syndicated Loans Transactions - 2013 YTD
-
Fast growth and better fundamentals make emerging markets attractive investment destinations, but some may be overheating, analysts say -
The offshore renminbi market will benefit from currency battles as Asian investors seek safety in the Chinese FX and global players increasingly allocate funds to dim sum bonds as a diversification play.
-
Top 3 Asia (ex Japan) Local Currency DCM Transactions - 2012 YTD
-
Alibaba Group’s plan to borrow $8bn in the loan market has caused jitters among senior bankers, who worry that the sheer size of the deal will be too much for Asian lenders to absorb. But they should not fret. The odds are stacked in the company’s favour.
-
BASF has launched its new revolving credit line at what some regard as a scandalously tight 25bp. But BASF and other blue-chip borrowers like it are funding in a completely different market to most corporate issuers. Deals like this do not reflect the financing conditions available in the wider loans sector.
-
The UK’s Funding for Lending Scheme was poorly conceived, but tinkering with it now is not going to make the blindest bit of difference. The problem with SME credit is not the cost — it is getting access to it in the first place. As the FLS stands it is nothing more than a funding subsidy for banks, and they are not going to shoulder undue risk to kick-start the economy.
-
The IMF says Europe’s banks must deleverage by $4.5tr. Even if interest rates are cut or the European Central Bank pumps more liquidity into the system, credit is still going to contract severely. The European Commission needs to help SMEs by standing behind loans to this crucial sector.
-
Suntech Power’s challenges to repay investors may taint other Chinese solar companies’ refinancing plans - and may herald their departure from the public debt market in favour of loans.
-
Augusto King has left his job as head of DCM in Asia at the Royal Bank of Scotland, and is soon going to be joining Jefferies, according to several bankers familiar with the situation.
-
—Bill Brodsky, chairman and ceo of the Chicago Board Options Exchange, on the effects financial transaction taxes in the U.S. and Europe would have on the securities and derivatives markets.
