Japan

Traders in yen futures may have overreacted to the growth concerns in China, data from the US Commodity Futures Trading Commission (CFTC) has suggested.

Latin American development bank CAF (Corporación Andina de Fomento) sold its first ever bond marketed as an SRI deal on Tuesday with a “Water Bond” issued in Uridashi format and denominated in Turkish Lira and South African Rand.

Three years in and Abenomics is still struggling to bring about the rebalancing of the Japanese economy pledged by Prime Minister Shinzo Abe. Corporate cash hoarding, a stagnation in wages and the fallout from quantitative easing means Japan’s biggest challenges could be just around the corner, reports Peter McGill.

Santander UK has beaten a path that could become well trodden by European banks in the next two years, printing a holdco senior unsecured deal in the Tokyo Pro-Bond market as it looks to broaden its investor base for issuing loss absorbing debt.

Santander UK has beaten a path that could be well trodden by European banks in the next two years, printing a holdco senior unsecured deal in the Tokyo Pro-Bond market as it looks to broaden its investor base for issuing loss absorbing debt.

Banks can look forward to regularly pricing green bonds inside their vanilla senior curves, some FIG bankers believe, after BPCE launched the latest in a succession of tight trades on Wednesday.

BPCE issued final guidance on Thursday for its latest multi-tranche Samurai sale, giving investors plenty of choice with two senior and three subordinated tranches.

A debt capital markets banker at Morgan Stanley has left to join Mizuho International, GlobalCapital understands.

Credit Suisse has shaken up its top ranks in Asia Pacific, with changes made to its equity capital markets and southeast Asia investment banking units.

The first day of December is proving to be a big one for the renminbi. Fresh on the heels of news about the currency’s inclusion in the IMF SDR basket, the renminbi is now the second most active currency for payments between Japan and China/Hong Kong, according to Swift’s latest RMB Tracker.

BPCE has registered to sell more Samurai subordinated bonds, looking to build on a successful debut in the format earlier this year, as European banks diversify their sources of new capital.

Tohoku Electric Power, Japan’s fourth largest electricity company, raised ¥120bn ($972m) to build new power stations on Tuesday, with a pair of negative yield convertible bonds, sold outside Japan.