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  • Wing Hang Bank launched a $275m 10 year non-call five debut sub bond on Wednesday, providing investors with some welcome Hong Kong credit diversity.
  • Australia
  • AUSTRALASIA
  • UK law firm Linklaters has hired structured finance lawyer David Deck as a partner in its Tokyo office. Deck has spent the last five years as managing partner of Shearman & Sterling's Tokyo office.
  • A spate of convertible bonds for Japanese issuers this week signalled the end of the summer recess - and possibly the reinvigoration of the Japanese equity- linked market.
  • Bear Stearns made its debut as a borrower in the Kangaroo bond market yesterday (Thursday) with a A$375m five year bond. The US investment bank enjoyed strong domestic and offshore support, enabling it to increase the size from A$300m.
  • Guarantor: Shell Petroleum Company Ltd & Shell Petroleum NV
  • Rating: Baa2/BBB-
  • Amount: ¥15.4bn
  • Nordic sovereigns have taken advantage of their rarity value and fiscal strengths this year to attract strong demand from investors. At the same time, growing funding needs have prompted the region's agencies and supranational to adopt a more international stance. Neil Day reports.
  • Sole arranger Standard Chartered Bank has completed the $60m six year financing for Tarbenian Leasing.
  • LG Philips has sent out requests for proposals for a dollar fundraising to refinance its existing facility.