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The Committee of European Banking Supervisors has included covered bonds among the instruments banks can hold as part of liquidity buffers in guidelines released on Wednesday, in a move market participants expect to provide lasting support for the asset class.

The Asian Development Bank (ADB) sold a Rmb1bn ($146m) panda bond on Friday, becoming the first foreign issuer in China’s debt market in over three years.

Investors swarmed over the first public Dutch RMBS since the start of the credit crisis, opening up another jurisdiction for securitisation. But the haste with which Arena 2009-1 was marketed raises questions about how thoroughly investors are examining new deals.

Banks will soon have to build up buffers of capital during economic booms even though regulators are still lacking a plan on how the rules should be applied. Some recent proposals would make central banks micromanagers of the economy, a job for which they are ill-equipped.

India’s Axis Bank scrapped plans to sell dollar bonds this week as rising global credit spreads and profit taking in emerging markets shut the door on new issues in Asia.

Indonesia’s Bukit Makmur Mandiri Utama and Indika Inti Energi launched high-yield bonds this week, defying treacherous market conditions that prompted other Asian issuers to reconsider planned debt sales as demand for Indonesian risk remained high.

Hyundai Capital Services became the first triple-B rated credit from Korea to sell dollar-denominated global bonds this year after launching a tightly priced $500m deal late on Thursday

Asiamoney is pleased to invite you to pitch for our 2009 Regional Deal & Investment Bank of the Year awards for ex-Japan Asia.

In the largest brokers poll yet conducted by ASIAMONEY, CLSA has once again taken the crown for its regional research and sales. Macquarie comes first in Australia, and Nomura leads the rankings in Japan.

Tougher regulation is coming to the derivatives market — that is inevitable after the credit crisis wreaked its havoc ­— but a growing number of MTN issuers and intermediaries are becoming increasingly vocal in rejecting moves to impose blanket standardisation across the market. Brendan Daly reports.

Asiamoney is pleased to invite you to pitch for our 2009 Regional Deal & Investment Bank of the Year awards for ex-Japan Asia.

World issuance of corporate bonds has exceeded the volume of syndicated lending for the first time ever, according to Dealogic.