Corporate Bond

Banking on the group

China is seen by some observers as an interesting market for banks this year as more Chinese firms look offshore. Photo: Reuters

The proportion of loans to total debt arranged in the Asia-Pacific region outside Japan shrank to 66 per cent last year, the least since 2009, according to data compiled by Bloomberg.

Friday, 1 February, 2013, 5:22am

Dim sum debt leapfrogs rivals to be best in Asia

Corporate yuan securities rose 6.2 per cent in 2012. Photo: Bloomberg

Dim sum bonds were transformed into the best local-currency company notes in Asia this year from the worst in 2011, and are among the top picks of Western Asset Management as China's economy rebounds.

28 Dec 2012 - 4:14am

Boom to cool next year as sales slump

Europe's corporate bond market risks becoming a victim of its own success in the year ahead as reduced issuance by cash-rich treasurers offers slim pickings for investors accustomed to the double-digit returns this year.

21 Dec 2012 - 3:46am

Junk rating for bleeding Sony and Panasonic

Chief executive Kazuo Hirai

Sony and Panasonic, the Japanese electronics makers reeling from record losses, have had their long-term credit ratings downgraded to junk by Fitch Ratings, citing a weak recovery in the television market.

Sony's rating was cut by three levels to BB-, three steps below investment grade, with a negative outlook, Fitch said yesterday.

23 Nov 2012 - 2:21am

Junk bonds of mainland developers top Nikko's wish list for 2013

Contracted sales at 11 major Chinese developers were 57.3 billion yuan in October, up 41 per cent from a year earlier. Photo: Bloomberg

Nikko Asset Management (Asia), the biggest asset manager based in the region, is making junk dollar bonds of Chinese developers its top pick for 2013 even after their biggest gain in three years.

14 Nov 2012 - 2:58am

Asian corporate bonds market hits US$100b

The bond market soars as the stock market wanes. Photo: AP

Corporate bond issuance in Asia ex-Japan last week passed US$100 billion for the year as companies continue to rely on the inexpensive financing channel for expansion and risk-averse investors favour more reliable returns in the face of lacklustre stock market performances.

1 Oct 2012 - 4:15am

Emerging markets benefit

In a diversified portfolio, bonds are often seen as the 'unexciting' part - long-term holdings giving moderate returns. But with savings rates near zero and warnings coming from every side about the prospects for property, stocks and currencies, investors are seeing bonds in a new light.

28 Nov 2011 - 12:00am

Ask our experts

The sovereign debt crisis in Greece seems to have turned a corner with the announcement of another European Union bailout, albeit one that involves potentially steep losses for bond investors.

The question for the expert panel this week:

How would the resolution of the euro-zone sovereign debt crisis affect regional bond markets?

1 Aug 2011 - 12:00am

New world of retail debt

A whole new class of Hong Kong retail debt investors is about to come into being as the government allocates its first retail bond. The creation of this inflation-linked bond, or iBond, has generated considerable interest despite the fact that bonds have consistently underperformed other assets. While it remains easy to be underwhelmed by the performance of bonds, they have their adherents.

25 Jul 2011 - 12:00am

Asia offers high yields to attract customers

Yield-hungry Asian investors, with a voracious appetite for bonds fuelled by record issuances by companies showing promising balance sheets, have helped push Asian high-yield bonds to a new level. A surge in so-called dim sum bonds, or yuan-denominated bonds offered in Hong Kong, is also driving growth.

9 May 2011 - 12:00am

BB- rating for Lumena unsecured bond

Rating agency Standard & Poor's said it had placed a BB- long-term corporate rating on Lumena Resources' unsecured corporate bond. It might cut the rating by one notch if its proposed US$1.5 billion takeover of Sino Polymer New Materials weakened the combined entity financially.

13 Nov 2010 - 12:00am

Wing Hang Bank plans US$300m bond sale for September

Wing Hang Bank, a family-owned mid-tier lender, plans to raise as much as US$300 million from a bond sale early next month, market sources said.

21 Aug 2008 - 12:00am

Emerging markets

Appreciating local currency bonds are starting to attract interest by investors hoping to diversify

Emerging markets are a top choice for investors who wish to diversify their assets, but foreign investors remain underinvested in emerging market bonds compared to equities, said Hong Kong-based Joel Kim, head of Asian debt at ING Investment Management.

30 Mar 2008 - 12:00am

Rush for bond fund marks turn in mood

Buying euphoria over the China Asset Management bond fund released last week captured a major sea change in sentiment on the mainland as investors exited slumping stock markets for the safe haven of fixed-income products.

10 Mar 2008 - 12:00am

Sany Heavy seeks 500m yuan in first domestic bond issue

Mainland mechanical engineering firm Sany Heavy Industry plans to raise 500 million yuan from its first domestic bond sale to fund production projects.

The 10-year bonds carry a fixed rate of 5.2 per cent or 175 basis points over the one-year Shanghai interbank offered rate, which stood at 3.45 per cent at the time of pricing.

5 Jul 2007 - 12:00am