Search

The article reports on the plan by German bank FMS Wertmanagement (FMS) to aim for a wider investor base for its second year in the commercial paper market. The bank plans to attract central banks and institutional investors in China, Japan and the U.S. The opinion of the bank's Tim Armbruster on their plan is also cited.

The article presents an update on the commercial paper market (CP) in Europe as of June 2007. Asian central bank buying has strengthened the CP market. French agency borrower Cades has printed $420 million and $400 million in two days in single transactions. Asscher Finance will start selling $660 million of income and mezzanine notes to support an initial portfolio worth $6 billion.

The article reports on the growth of the European commercial paper (CP) market due to the issuance of conduits and asset backed CP to finance new assets. The price of financial instruments have declined because of expectations that large banks will sell some of their assets in preparation for the end of fiscal year in November 2006. Demand for longer dated dollar persisted in Asia. CP Euro issuers anticipate that future rate from the European Central Bank will increase.

Reports on Asia Pulp & Paper Co.'s experiences in the Asian financial sector during 1997. Lengthening of Asia Pulp's maturity profile; Refinancing of existing bank loans and short term debt; Importance of a strong revenue team for successful securitizations; Decline of Asia Pulp's activities in the capital market for 1998.

Presents information on the commercial paper (CP) market in Europe in 2005. Value of total new issuance in the EuroCP market; European countries receiving increase in demand for sovereign supplies from central banks in Europe and Asia; Plans of Depfa Deutsche Pfandbriefbank to issue its CP program.

The article reports that investors in Europe and Asia searching for yield are looking into niche currency vanilla medium term notes (MTNs). It is noted that there has been consistent flow of issues in common niche currencies, which include Brazilian real, South African rand and New Zealand dollars. The World Bank issued a 3.1 year fixed rate note with a coupon of 7.4 percent.

Relates the views of several bond investors on the increase in the demand for Asian credit in 2005. Strategy to outperform the Asian benchmark of Pimco in 2004; Extent of credit curve that Hong Kong Shanghai Banking Corp. Asset Management is willing to go in order to access supply or yield in a liquid market; Assessment by Deutsche Asset Management Inc. of the demand for Asian high yield paper.

Looks at the primary debt market in Asia. Details on offerings from Bayan Telecommunications Holding Corp. and Pan Asian Paper Company (Papco); Comments from officials at Papco; Credit rating awarded to Papco.

Presents updates on syndicated loans in Asia as of December 5, 2003. Completion of the multi-tranche credit for Hebei Pan Asia Long-Teng Paper; Participation of Sino Land in the loan market via a dual tranche credit; Term loan for Global Chemicals (China) Co.

Provides information on several syndicated loan deals across Asia as of November 2003. Hebei Pan Asia Long-Teng Paper; PCCW-HKT; HongKong Electric; NWS Holdings.

This section presents an update on syndicate loans in the Asia Pacific. Vietnam's An Hoa Paper signed a project loan through BNP Paribas, Calyon and Natixis in December 2009. Bukit Sembawang Estates closed a 700 million Singaporean dollar loan through DBS and OCBC. Steel manufacturer Dragon Steel Corp. completed its 618 million U.S. dollar seven year loan in December 2009.

The article offers information on the bond issue of Länderschatzanweisung 29. It states that the deal go international with demand from Asia as well as Benelux and France. It mentions that the issue was priced in line with the mid-swaps less 6 basis points (bp) guidance and the zero risk weighing serves as an attraction to investors that want to switch out of Pfandbrief paper which was also trading around the same level.

The article offers news briefs on the syndicated loan market in Asia as of January 2006. ANZ Investment Bank and Bank of Tokyo are among the lead arrangers for a loan deal signed by Hongkong Electric International Finance. The loan issued by Samson Paper Co. is divided between Hong Kong (HK) $182 million term loan and HK$72 million revolving credit. Bakrie Sumatera Plantation has closed the syndication of its multi-tranche financing. Malayan Banking Berhad selected Barclays Capital and Citigroup to lead its five year loan deal. The syndication of a loan for Alkas Realty has been launched by Standard Chartered.

The article reports on the plans to issue sukuk, a sterling dominated paper to the British from well-rated southeast Asian issuers by CIMB Islamic as it predicts strong demand for such paper. According to Mohamad Safri Shahul Hamid, deputy chief executive officer (CEO) at CIMB Islamic in Kuala Lumpur, Malaysia, it will be an opportunity to develop the sukuk market by bringing high quality foreign names for the issuance of the sterling-dominated sukuk.

The article presents information on debt transactions in the bond market in Asia as of February 2006. The strong demand for a deal of Metropolitan Bank & Trust Co. has traded the paper up 50 bills payable on a cash basis. There have been some euro demand for a deal of Export-Import Bank of Korea.

Discusses the economic recovery of the debt market of several countries in Asia. Philippines; Korea; Hongkong; China; Malaysia.

The article focuses on a 500 million dollar bond issue from Fita International Ltd. launched in the Asian debt market on February 3, 2010, with books reportedly raised about 2.6 billion dollars with 170 orders for the paper.

The article reports that most spreads are returning to near normal levels in the asset-backed sector, less than 1bp wider, as of July 20, 2007. It notes the frustration of dealers at the lack of flows in other products. Dealers also cited strong dollar buying from Asian accounts. It states that good swap ensured that dollar borrowers got plenty done in sterling.

The article presents an update on the equity market in Asia as of March 3, 2006. Golden Eagle Retail Group has begun marketing its initial public offering (IPO) in Hong Kong, China. Nine Dragons Paper decided to price its IPO at the top of the offer range through joint arrangers BNP Paribas Peregrine and Merrill Lynch. Citigroup sold shares in Gail, formerly Gas Authority of India.

The article focuses on issues related to the capital market in Asia as of February 2006. Nomura has been selected as the sole bookrunner of the shares to be issued by the Bank of Ikeda. Commonwealth Bank of Australia plans to issue Perpetual Exchangeable Repurchaseable Listed Shares. BNP Paribas, Merrill Lynch and Bank of China International are the managers of the 1 billion new shares to be sold by Nine Dragons Paper.

The article presents an update on the equity capital market in Asia as of February 2006. UBS has completed the sale of the 29% stake of Universal Robina Corp. in the Philippines. Orica plans to raise $370 million equities to finance its acquisition of Dyno Nobel in Australia. Nine Dragons Paper Industries has mandated BNP Paribas, Bank of China International and Merrill Lynch to sell its shares at the Hong Kong Stock Exchange.

This article presents details of a discussion between four Asian investors about trends in the bond market in Asia. They include: Muska Chiu of Citigroup Private Bank in Hong Kong, China; Eugene Kim of Tribridge Investment Partners in Hong Kong; Arthur Lau of JF Asset Management in Hong Kong; Martin Otway of UniCredit Markets & Investment Banking in Singapore. They discuss the importance of Asian versus non-Asian allocations in their portfolios and how their views on financial institution paper had changed since the credit crunch took hold.

Presents updates on syndication loan deals in Asia as of April 4, 2003. Arrangers that launched a financing deal for China Ocean Shipping; Increase of the credit facility for Samson Paper; Progress of a syndication deal for Korea Development Bank; Mandate awarded to IOI Corp. Bhd. for the refinancing of its bridge facility to Citigroup.

The article focuses on issues related to the bond market in Asia. The lead arranger of the direct securitisation of microcredit receivables of Bangladesh Rural Advancement Committee is RSA Capital. A domestic currency securitisation of residential mortgages for Macquarie Securitisation is being marketed by Deutsche Bank and Macquarie Bank. An asset backed commercial paper programmer has been launched for Taiwan Life Insurance Co.

The article presents an interview with Indonesian businessman Sukanto Tanoto, founder of Riau Andalan Pulp and Paper mill. He stresses the role of hard work and leadership in surviving the financial crisis in Asia in 1997. He was proud of achieving a loan restructuring agreement with creditors during the crisis. He cites the need for his firm to communicate more proactive with foreign parties.

Presents news briefs on transactions for syndicated loans in Asia as of August 29, 2003. Term loan for China Pharmaceutical Group; Syndication of facility for Leo Paper Bags Manufacturing; Completion of syndication of a fundraising for Hop Lun International; Mandate given by Chailease Finance Co. to Hua Nan Commercial Bank to arrange a lease facility.

Presents news briefs on capital markets in the Asia Pacific Region as of April 11, 2003. Worth of convertible bonds sold by Mitsubishi Securities for Calsonic Kansei; Selection of financial institutions to manage the initial public offering planned by LG Philips; Role of JP Morgan in the planned sale of Daewoo Shipbuilding & Marine Engineering shares.

Presents news briefs on equity deals in Asia as of October 1999. Launching of an asset-backed commercial paper conduit by Overseas Union Bank in Singapore; Plans of the Port of Singapore Authority to launch an international benchmark; Release of a fixed rate deal for the European Investment Bank.

Provides information on the bond launched by Hutchison Whampoa company in Asia. Credit rating of the bond offering; Lead managers for the offering; Price of the issues; Response of the market.

Reports on the developments in several domestic debt markets in Asia. Status of Korea's domestic bond market; Impetus to the recovery and development of Malaysia; Capital markets in Taiwan.

This section offers news briefs on issued related to syndicated loans in Australia and Asia. Amcor, a paper and packaging manufacturer, is planning for a $1 billion three to five year loan to support its bid for the aluminium packaging unit of Rio Tinto. Lenders on the A$2.6 billion project finance loan for Babcock & Brown Power are being asked to amend the terms of the debt. It also discusses the extension obtained by marketer Pacific Brands on its A$800 million loan.

The article presents an update related to the stock market in Asia as of January 2007. Morgan Stanley has sold an 8.5 percent stake in Chinese paper producer Lee & Man in an accelerated global top-up placement. Nikko Citigroup sold its share in residential real estate fund manager Pacific Management Corp. UBS priced the Filinvest Land share offer in the Philippines.

The article offers news briefs on leveraged finance in Asia. Warburg Pincus has raised its debt to about $100 million debt to support its leveraged purchase of Gum, a China-based food additive company. Goodmorning Shinhan Securities, a South Korean-based brokerage firm, was mandated by a group of U.S. investors led by Carl Icahn to manage the buy-out of tobacco company KT&G Corp. Shinhan Financial Group and Korea's National Pension Fund have teamed up to bid for LG Card, South Korea's largest credit card issuer.

Presents information on Asian currency bond issues as of October 21, 2005. Launch of the 10 and 15 year fixed rate paper bond by the Public Utility Board in Singapore; Issuance of a tier two capital security by HDFC Bank in India; Plan of Korea Deposit Insurance Corp. to auction its five-year bonds.

Presents news briefs in Asia. Purpose of the South Korean ministry of finance and economy's issuance of bonds in October 2000; Upgrade of the Republic of Indonesia's foreign currency issuer ratings by Standard and Poor's; Details on the Malaysian ministry of finance's mandate for Deutsche Bank to lead manage a euro denominated bond issue.

Focuses on the effect of the volatility in the U.S. agency market on triple-A borrowers in dollars in 2003. Problems faced by the U.S. Federal Home Loan Mortgage Corp.; Information on the non-stop buying of U.S. agencies by Asian central banks; Implications of the increase in agency volatility.

Looks at the moves made by the Hong Kong Monetary Authority to close its debt market. Possible implications of the moves on Asia's domestic debt market; Comments from bankers.

Presents brief news concerning the Asian capital markets as of August 7, 1998. ABN AMRO as the frontrunner for the $300 million mandate for a World Bank guaranteed deal from the Electricity Generating Authority of Thailand (EGAT); Exchange and consent offer for Asia Pulp & Paper company; Establishment of multilateral trade negotiation programme by Orica Ltd.

The article offers news briefs related to Asia Pacific structured finance. The 500 million renminbi (Rmb) three year loan for Carbone Lorraine has been signed via mandated lead arranger Calyon. Shandong Chenming Paper Holdings has completed an $80 million three year facility with sole bookrunner Sumitomo Mitsui Banking Corp. The loan for fixed line operator PCCW has closed syndication after being oversubscribed.

The article reports on the launch of a $400 million 10 year bond issue by Hong Kong conglomerate Swire Pacific which reopened Asia's international debt capital markets. The deal is led by HSBC and JP Morgan and was the first public dollar issue from an Asian company with no government links since October 29, 2007.

The article reports on the success of ICICI Bank's international bond issue. The three tranche issue is the largest bond from a bank in non-Japan Asia since 2001 and immediately established ICICI as on of Asia's most sophisticated borrowers. The deal comprised of two senior notes and one upper tier two capital security.

The article reports on several equity-linked bonds launched in Asia. These include a $750 million Islamic exchangeable bond by Khazanah Nasional, a ¥200 billion convertible bond (CB) by Sharp and a $471 million CB from South Korea's Hynix Semiconductor. These deals are indication that large pools of money are available once again for Asian equity-linked paper.

The article focuses on appraisals of international bond issues by public sector companies, as of April 7, 2006. A transaction launched by Barclays Capital and Goldman Sachs for Eurofima is expected to perform going forward. The majority of a seven-year transaction for KfW was sold to Asian central banks through Dredsner Kleinwort Wasserstein and Goldman Sachs.

The article reports on an international bond issued by World Bank as of March 24, 2006. About 60% of the paper was acquired by Asian investors. It is said that the bank wants to retain its presence in the public market and maintain its investor franchise. Morgan Stanley has decided to increase the pricing of the deal on March 22, 2006.

Reports on the dollar bonds issued by Asian banks and companies July 2005. Number of bonds issued; Issues that emerged after the bombing incidence in London, England; Details of a deal entered into by Hong Kong, China-based property developer China Overseas Land & Investment.

Reports on the implications of the success of bond deals of KfW and Bank Nederlandse Gemeenten (BNG) in the Euro and Eurodollar markets for Asian central banks in 2005. Performance of Asian central banks in short maturities; Statement of KfW treasurer Frank Czichowski on the bond deals; Announcement of a Eurodollar deal by BNG.

Reports on the decision of Pemex to open an entirely new market for itself when it sold a perpetual bond to Asian retail accounts. Characteristics of the bond; Remarks from John Hartzell, co-head of Latin American debt capital markets at Citigroup in New York.

Presents updates on syndicated loans in the Asian financial market, as of March 21, 2003. Information on the three year term loan for Samson Paper in Hong Kong; Sub-underwriters for the equivalent term loan for the Government of Malaysia; Completion of a 3-1/2 year term loan for Tech Semiconductor.

Provide information on the global bond offerings of the Federation of Malaysia in Asia. Details on the bond offerings; Significance of the bond issue to Asian banks; Views on the funding needs of the Malaysian government.

The article presents updates on bonds issued by financial institutions in euros. It is said the 90 accounts are involved in the book of Banco Bilbao Vizcaya Argentaria with the usual ones from Europe and Asia involved. 4 billion euro is the amount of bonds issued by BNP Paribas SA. 40% of the bonds issued by Caja de Ahorros y Monte de Piedad de Madris was sold to France while 25% was sold to Great Britain.