SBI makes history printing first Indian offshore AT1
State Bank of India (SBI) succeeded in pricing the first offshore Basel III additional tier one (AT1) offering from an Indian name this week, but a bullish pricing strategy meant orders were muted and...
View ArticleCovered bond issuers face up to growth of negative yielding deals
Tightening spread levels are pushing all covered bond issuers towards negative yielding deals but some are more willing to resist the trend than others, attendees heard at the Euromoney/ECBC covered...
View ArticleEuro insurance sub market given the kiss of Swiss Life
Swiss Life brought a perpetual subordinated deal to the euro market on Thursday, finding little trouble in the primary market despite the week’s cautious tone ahead of next week’s Federal Reserve meeting.
View ArticleAT1s hold rock steady as swelling demand outweighs volatility
With additional tier one (AT1) issuance volumes at record lows, yield-strapped investors are so thirsty for new paper that cash prices have remained steady throughout the week’s volatility.
View ArticleABN skips through the volatility
ABN Amro got the size and pricing it was after with its first dollar print of 2016, amid choppy market conditions.
View ArticleEurope's mortgage industry should escape worst Basel hit, say insiders
Basel proposals on how to treat mortgages will hurt Europe’s banks less than feared, according to sources with knowledge of the Basel Committee’s discussions, and other industry insiders at the...
View ArticleThe Cover Awards 2016: The Winners
Congratulations to all this year’s winners, commiserations to the runners-up and thanks to all for another great night!
View ArticleGreen covered bonds have a bright future
The fledgling green covered bond market is likely to be a promising growth area, with efforts to standardise eligible mortgage loans expected to pave the way for lenders across Europe to issue deals,...
View ArticleDB AT1s pasted as $14bn lawsuit puts coupons in trouble
Deutsche Bank is at real risk of failing to pay coupons on its additional tier one instruments, as a potential $14bn US RMBS settlement threatens to erase the bank's available distributable items...
View ArticleSamurai shines with HSBC's record breaking TLAC whopper
The yen market, for so long held back by an in-built caution as well as unfavourable swap rates, is rapidly re-establishing itself as crucial source of capital for some of the world’s biggest banks.
View ArticleFitch: Indian banks face difficulties raising bank capital
A group of 11 Indian banks have a total capital adequacy ratio that is either at or lower than the minimum required by the end of the 2019 fiscal year, according to a report published by Fitch Ratings...
View ArticleHK Reit trio head to loans market for new money, refis
Three Hong Kong real estate investment trusts are tapping the loan market for funds, with DBS launching two new deals and Hang Seng Bank wrapping up a third transaction, bankers said.
View ArticlePostal Savings Bank opens $8.1bn IPO to heavy Asian demand
Postal Savings Bank of China and its potential HK$62.7bn ($8.1bn) IPO got off to a roaring start due to hedge fund demand. Oversubscribed on day one, it is on track to be the world’s largest IPO in two...
View ArticleICICI Prudential blazes trail for India insurance IPOs
Excitement is building around ICICI Prudential Life Insurance Co’s long-awaited IPO in India, with bankers having predicted a blow-out response even before it launches next week. The deal will not only...
View ArticleWeLab tests waters for fintech with $50m trade
Hong Kong-based WeLab is set to dip its toes in the Asian syndicated loans market for a $50m borrowing, potentially fuelling a trend of fintech start-up lenders hitting the wholesale market for funds.
View ArticleSome people never change
A few months ago a banker I know from back in the day decided to brave a category 8 typhoon for a free drink in Wan Chai. The storm had nothing on this week’s super typhoon, but it was a tad rainy.
View ArticleBanking veteran Tai to boost HSBC board
HSBC has named Jackson Tai, the former Asia Pacific chairman of JP Morgan and chief executive officer of DBS, as an independent non-executive director of its board.
View ArticleTaiwan's Hon Hai nets $1bn through dual-trancher
Hon Hai Precision Industry sealed $1bn from a dual-tranche offering, seizing what is thought to be the last good window before the Fed’s decision on a September rate hike.
View ArticleISDA turns its sights on China collateral challenge
The International Swaps and Derivatives Association has published a document to help market participants navigate the challenges of trading with counterparties in China.
View ArticleCME extends global clearing in HK and Mexico
CME Group has expanded its reach in both Asia and Latin America, with Hong Kong and Mexico recognising the firm as a central counterparty (CCP).
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