Japan
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Sumitomo Mitsui Banking Corp is planning to issue a Rmb1bn ($144m) three year Panda bond soon, a banker on the deal told GlobalCapital China. -
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The Japan Finance Organisation for Municipalities printed the first deal from its budding green bond programme on Tuesday, impressing onlookers with a large book and aggressive price move. The trade shared the market with a social housing bond from Cassa Depositi e Prestiti.
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The Japan Finance Organisation for Municipalities has picked banks for its first ever green bond, opting to print in euros for only the second time in the borrower’s history.
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A pair of Asian SSA issuers joined a busy dollar market on Wednesday, bringing three and 10 year deals. Demand for three year dollar paper is high, with two more issuers set to join the fray on Thursday.
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KfW and Canada both launched dollar benchmarks on Wednesday, bringing a pair of highly subscribed and tight deals. Following their success, two Asian SSA issuers prepare to join the busy dollar market.
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Short sellers' detractors say they are detrimental to the responsible stewardship of companies. This is unfair; they can play a useful role in highlighting deceptive practices in a world of greenwashing.
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Index provider FTSE Russell is expanding the remit of its sustainability investment research in Asia Pacific to include hundreds more Chinese and Japanese securities.
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A study from the Bank for International Settlements (BIS) has found that the premium that banks must pay to issue bail-inable debt is heavily pro-cyclical, compelling issuers to take advantage of “good times” to build up their levels of loss-absorbing capacity.
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Singapore’s CapitaLand Commercial Trust dove into the yen market this month to sell its inaugural green bond.
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SMBC Aviation Capital has returned to the offshore loan market for an unsecured $600m dual-tranche deal.
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Dongfeng Nissan Auto Finance, a joint venture between Japanese carmaker Nissan Motor and Chinese automaker Dongfeng Motor, will return to the Chinese auto loan ABS market on November 5 for its third deal of the year. The Rmb6.5bn ($920m) four-tranche note will be the issuer’s largest outing to date.
