Bond market action from around the world with a focus on Dim Sum debt and dollar bonds issued by Chinese firms.
With Chinese policymakers so far unable to stem a rout in mainland equities, money is flowing back into government- and state-backed bonds – driving yields lower and potentially easing strains on debt-laden local governments.Wednesday, 8 July, 2015, 5:35pm
Asian issuers sold a record amount of international bonds in the first half of this year, underlining the region’s resilience in the face of mounting turmoil in the rates markets.
Bond sales in US dollars, euros and yen reached US$115.6 billion in Asia, excluding Japan and Australia, up 4.8 per cent from the first half of 2014 - a record year for Asian G3 bond issuance.2 Jul 2015 - 5:34pm
Issuance of formosa bonds - yuan-denominated bonds issued in Taiwan - has surged this year thanks to strong demand for yuan assets and relaxed regulations.
"Renminbi funds here are increasing and investors want to seek better investment tools than low-yielding bonds denominated in Taiwan dollars," said Penny Chen, a fixed-income fund manager at Manulife Asset Management in Taiwan.24 Jun 2015 - 1:51pm
Central China Real Estate plans to tap the offshore bond market with a plan to issue US$300 million senior notes due in 2021.
It said in a filing with the stock exchange on Wednesday it would price the six-year notes at an interest rate of 8.75 per cent per annum.
The proceeds will be used to repay existing debt.17 Apr 2015 - 3:55pm
Haitong Securities is seeking to raise US$670 million in a five-year US dollar bond offering, four months after the Shanghai based brokerage raised US$3.9 billion in a private share placement in December.17 Apr 2015 - 3:55pm
The default of Cloud Live Technology, the mainland’s second onshore bond default, was positive for the long-term outlook of China’s bond market, Fitch Ratings said in a report on Friday.17 Apr 2015 - 3:55pm
What's next for China developer Kaisa after debt holders say "no" to proposal17 Apr 2015 - 3:55pm
Malaysian corporate dollar bonds are Asia's poorest performers this year and investors say worse is to come.17 Apr 2015 - 3:55pm 1 comment
Peter Hambro, who descended from a wealthy line of Anglo-Danish bankers, recalls receiving a bottle of whisky as a gift from his mother's gardener.
It was a token of thanks after seeing a good return on his investment in Hambro's Russian gold-mining business.
"I've made so much money, the least I can do is give you a drink," Hambro remembers the gardener saying at the time.17 Apr 2015 - 3:55pm
Many investors have been anticipating Australian int17 Apr 2015 - 3:55pm
Kaisa Group’s bond and share prices took a hit on Thursday after the troubled mainland developer hinted at renegotiating its debts.17 Apr 2015 - 3:55pm
Offshore yuan bond sales have slumped 53 per cent this year as borrowing costs in Hong Kong surged on bearish bets against the mainland currency.17 Apr 2015 - 3:55pm
Evergrande Real Estate Group will pay a much higher interest rate than peers as it taps the offshore bond market amid the uncertainty over China’s property market in the wake of developer Kaisa’s debt problems.
The Guangzhou-based developer announced that it had priced its five-year US$1 billion senior notes due 2020 at an annual interest rate of 12 per cent.17 Apr 2015 - 3:55pm
Luxembourg and France are racing to be the first to sell a euro zone sovereign dim sum bond, the key step in staking a claim as the single currency bloc's offshore yuan hub.
Sovereign issuance is regarded by international investors as the crucial benchmark for developing a liquid market in foreign currency instruments.17 Apr 2015 - 3:55pm