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(Bloomberg) -- A hawkish pivot by the Indian central bank has money managers scurrying to find safer bets while bracing for potentially the steepest rate hikes in Asia. The yield spread between three-year government papers and similar top-rated company bonds had turned negative in April from around 87 basis points in August, according to Bloomberg data. Yields have risen, and stocks pared gains since the Reserve Bank of India shifted focus to inflation from growth in April and indirectly tightened policy by introducing a higher floor interest rate. [Extracted from the article]

The yield spread between three-year government papers and similar top-rated company bonds had turned negative in April from around 87 basis points in August, according to Bloomberg data. (Bloomberg) -- A hawkish pivot by the Indian central bank has money managers scurrying to find safer bets while bracing for potentially the steepest rate hikes in Asia. Yields have risen, and stocks pared gains since the Reserve Bank of India shifted focus to inflation from growth in April and indirectly tightened policy by introducing a higher floor interest rate. [Extracted from the article]

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.

Keywords: ASIA; BON; BUSINESS; FRX; JAPAN; MARKETS; WORLD EN ASIA BON BUSINESS FRX JAPAN MARKETS WORLD Overseas funds bought the second-highest amount of Japanese government bonds on record in June as enhanced returns using cross-currency basis swaps and index-linked demand fueled inflows. Overseas investors buying five-year JGBs using cross-currency swaps funded in euro or the Aussie dollar can earn around 50 basis points more than from similar-maturity German or Australian paper. QWIVMXT0G1KW (Bloomberg) -- Overseas funds bought the second-highest amount of Japanese government bonds on record in June as enhanced returns using cross-currency basis swaps and index-linked demand fueled inflows. [Extracted from the article]

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 offshore debt of China's developers -- though typically high-yield -- also tends to be safer than local paper. "Onshore lending rates for those developers are much cheaper than their offshore lending rate, so now is a great time to buy their U.S. dollar bonds.". [Extracted from the article]

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 offers information related to Asia's bond market. It provides details about China Petrochemical Corp.'s (Sinopec) largest dual-currency offering and biggest bond issue in the region as well as the move of Malaysia's government to sell a $1.5 billion dual-tranche Islamic bond. Other information such as Haier Electronics Group Co. Ltd., China Resource Enterprise, and Reliance Communications Ltd. is presented.

Keywords: 1813@HK; 2007@HK; 3333@HK; 3908@HK; ALLTOP; ASIA; BNK; BON; BUSINESS; CHINA; COS; FIN; FRX; GLOBALMACR; HK; INDUSTRIES; MARKETS; REL; STK; WORLD; WWTOP EN 1813@HK 2007@HK 3333@HK 3908@HK ALLTOP ASIA BNK BON BUSINESS CHINA COS FIN FRX GLOBALMACR HK INDUSTRIES MARKETS REL STK WORLD WWTOP Country Garden Holdings Co., China's largest developer by sales, is raising HK$3.9 billion ($500 million) in a convertible bond sale to refinance offshore debt coming due within a year. Country Garden Sells $500 Million Convertible Bond (9:07 a.m. HK) Country Garden's convertible bond sale comes amid a spreading crisis in the real estate sector. R61CC2DWRGJE (Bloomberg) -- Country Garden Holdings Co., China's largest developer by sales, is raising HK$3.9 billion ($500 million) in a convertible bond sale to refinance offshore debt coming due within a year. [Extracted from the article]

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.

Japanese shares have outperformed other Asian markets, with the Topix index reaching its highest level in 34 years. The Nikkei 225 also reached its highest level since 1990. This strong performance is attributed to a weaker yen, falling bond yields, and bullish investor sentiment. Japanese shares were among the world's best performers in 2023, driven by improved shareholder value, the end of deflation, and a weak yen. However, potential headwinds for Japanese equities include possible changes to the Bank of Japan's monetary policy and yen appreciation. The electric appliances sector was the biggest contributor to gains in the Topix index. Some investors may be turning to Japan due to geopolitical and regulatory uncertainties in China and Taiwan. Wage data showing a slowdown in growth may influence the Bank of Japan's policy decisions. [Extracted from the article]

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.

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 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 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.

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.

(Bloomberg) -- When China's largest residential property developer raised money this month, a third of interest came from banks that service the wealthy, a group keeping faith with the nation's beleaguered builders even as other investors flee. "Onshore lending rates for those developers are much cheaper than their offshore lending rate, so now is a great time to buy their U.S. dollar bonds.". [Extracted from the article]

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.

Presents information on bonds issued by several companies in Asia in November 2005. ICICI Bank Ltd.; Export-Import Bank of Korea; Korea National Housing Corp.

The article reports that Emirates is offering bonds of the value of 1 billion dollars, to be launched on March 12, 2013. There has been very little trading of the Emirates in the aftermarket. Asia is a buyer of investment grade rather than unrated paper from outside the region. The transaction takes the amount raised by the issuer to 1.75 billion dollars within a seven week period.

A chart is presented that shows Asian currency bonds issued from August 22 to 29, 2012, which include those from Anhui Shanying Paper Industry, Feicheng Mining Group and International Finance Corp.

The article reports that Truba Alam Manunggal Engineering, the Indonesian power contractor, cancelled its debut dollar bond due to challenges faced in re-opening Asia's high yield bond market. According to one fund manager, but there are still people holding certain credits with equal risks that pay much lower yields. Truba and sole lead manager UBS announced a three year unsecured bond at the end of April 2008 and released guidance of 17% to 18% for a $100 million to $150 million deal on May 7, 2008.

The article focuses on bonds issued by International Securities Trading Corp. (ISTC) on June 1, 2007. The reason behind the deal is to raise capital in anticipation of further balance sheet growth and to have a better combination of subordinated debt in the capital structure of the company. The transaction has a split distribution between Asia and Europe. Private banks took more than 70 percent of the paper and 15 percent went to fund managers.

The article provides information on $750 million international bond issued by Japan Bank for International Co-operation (JBIC) in U.S. dollars. The issue and re-offer price of the bond is 99.902. It mentions that the issue was priced with the 10 basis point area guidance. It says that central banks took 60% of the bonds while 42% of the issue was allocated by Asia.

The article offers news briefs on Asian currency bonds. The Philippines is set to announce the results of its latest domestic bond exchange after setting a maximum price for the new bonds. Smart Communications, mobile phone operator owned by Philippines Long Distance Telephone (PLDT), has launched a 5 billion pesos bond via lead managers Citigroup and Land Bank of the Philippines. Meanwhile, Indian Railway Finance Corp. has priced its first Samurai bond via Daiwa Securities and Mizuho.

The article presents news briefs on the bond market in the Asia Pacific as of October 20, 2006. ICICI Bank issued a $400 million five year senior deal led by Deutsche Bank and Merrill Lynch. Indonesian paper manufacturer Fajar Surya Wisesa will price its first high yield bond via bookrunner Deutsche Bank. Philippine government-owned National Power Corp. has shortlisted banks for a bond issue.

The article presents information on a covered bond deal made by Dexia Municipal Agency in U.S. dollar. It says that the rating of the firm is Aaa, AAA, AAA. Bookrunners of the deal are BNP Paribas, Credit Suisse, Merrill Lynch and RBC CM. 40% of the deal went to Asia while 60% was allocated to Europe.

Reports on the outcome of the Asian tier one bond deal of South Korea's Shinhan Bank in February 2005. Amount of the deal; Reasons behind the success of the capital transaction; Background on the bank; Number of investors involved in the deal.

Presents an update on the financial services industry in Asia as of February 2005. Information on the pricing given to the five-year floater for Export Import Bank of Thailand by BNP Paribas and Mitsubishi Securities; Joint leads in a three-year bond to be priced by Hyundai Translead; Appointment of David Kim at Forysth Partners in South Korea.

Focuses on credit sensitive bonds, or junk bonds, in late 1998. Why emerging markets are not the best bargain; Why buying in Asia is not advised in December; Problems facing Latin American economies and the risk that this implies for investors; The attractiveness of United States high-yield debt; Sectors like banking which seem ripe for profits.

Presents news briefs on structured finance in Asia Pacific as of October 15, 2004. Value of the securitization of residential mortgages being marketed by SG; Prices of bonds offered by WB Trust 2004-1; Overview of the residential mortgage-backed securities being prepared by the Macquarie Bank and National Australia Bank for Interstar Securities; Securitization being prepared by Oversea-Chinese Banking Corp.

Reports on the U.S. bond issues of the Republic of Finland and Oesterreichische Kontrollbank (OKB) AG in March 2004. Amount to be borrowed by Finland; Percentage of the bonds of Finland made up of Asian accounts; Value of the transaction of OKB.

Reports on a bond deal issued by Swedish Export Credit Corporation targeted at Asian retail investors. Structure of the deal; Information on the coupon carried by the deal; Rating of the deal.

Provides news briefs on the capital market in the Asia Pacific region as of April 12, 2001. Possible bond offering of the Chinese ministry of finance; Debt obligations of Asia Pulp & Paper; Probable bond offering of the Singaporean government in the domestic debt market; Plan of Development Bank of Singapore to take an 80 percent stake in Dao Heng Bank.

Provides news briefs on the capital markets in the Asia Pacific as of March 30, 2001 with emphasis on the bond issue of Residential Mortgage Acceptance Corp. Bond issue of Japan-based financial company Hitachi Shinpan; Value of the bond deals.

Reports that Asia Pulp & Paper's $200 million securitization of future export receivables has been closed since mid-December 1997.

In this article, the author discusses the demand for sovereign, supranatural and agency (SSA) bonds in Asia in 2008. According to the author, central banks and sovereign wealth funds have become a crucial source of demand for SSA bonds since the subprime crisis. He observes that Asian central banks form a key component of this and the scarcity of liquidity has caused many to favor the bigger benchmarks.

The article presents an update on the bond market in Asia Pacific as of August 2006. ICICI Bank has launched India's first international hybrid tier one capital deal. Small Business Corp. of South Korea has postponed its planned 10 year dollar bond that was to have been led by Credit Suisse Merrill Lynch and UBS. Hong Kong, China property developer Kerry Land is planning to make its debut in the bond market with a 10 year Reg S deal led by Goldman Sachs.

The article focuses on the entry of Asian central banks into sovereign, supranational and agency deals. The leading Asian central banks, especially those of China, Japan, South Korea, Taiwan, Hong Kong and Singapore, are now the world's most powerful high grade bond investors, able to drive the success of a deal and even determine its timing and structure. Although their core holdings are in triple-A rated bonds, they and other Asian investors are increasingly buying other products too, notably covered bonds, which are a higher yielding but still triple-A rated alternative to government debt.

The article focuses on the popularity of mortgage backed covered bonds in the Asian bond market. According to Julia Hoggett, head of capital markets at Depfa in Dublin, Ireland, the penetration of covered bonds into a huge range of different accounts is growing from retail through the private sector in the form of regional banks, life insurance companies, pension funds and asset managers and public sector institutions. Asian accounts are expected to migrate from public sector covered bonds to mortgage backed covered bonds. Asian investors are expected to move into mortgage backed covered bonds by choice as well as by force.

Presents information on bonds issued by several companies in Asia in September 2005. State Bank of India; Woori Bank in South Korea; Cathay United Bank Co. Ltd. in Taiwan.

Reports on increase in Asian demand for bond issues. Types of bonds that are being issued in the market; Channels used for issuing bonds; Benefits offered by increase in bond demand for investors. INSET: Market at the mercy of macroeconomic forces.

Focuses on the euro as a funding currency for Asian borrowers in 2004. Decline in the euro denominated non-financial corporate bond issuance; Impact of the funding currency on the Philippines; Continuance of central banks to hold foreign currency reserves in dollar denominated securities.

Describes the retail bond market in Asia. Strategy used by Asian investors in dealing with the market; Advantage of bond issuing in retail markets for financial institutions; Analysis of the performance of the bond issued in Asia; Details on the bond issuance deal for Old Mutual.

A chart is presented that shows the trends in Asian currency bonds from March 20 to 26, 2013.