Tis an ugly morning in euroland
The Greek fall-out continues with Spanish 10-year yields hitting 6.5 per cent, their highest level in almost six months:Italian 10-year paper breaching 6 per cent for the first...
Vietnam’s Banks Enter International Debt Markets
With Indonesia’s banks finally returning to international debt markets, Vietnamese lenders are starting to follow suit, despite the country’s recent run-ins with foreign investors.
Sinopec Taps Debt Markets with $3 Billion Deal
Asia's largest refiner by capacity, China Petrochemical Corp.--known as Sinopec Group--launched a $3 billion, three-tranche bond offering Thursday, the largest corporate offering out of Asia to hit international debt markets this year.
Look, quickly, some not disastrous eurozone auctions!
Both Spain and France managed to get decent debt sales away this morning and although yields did jump in Spain there was at least some solid demand to provide solace. Not bad...
Indonesian Banks Back to Bond Markets
First Indonesia’s government, and now its banks too, are enjoying immense interest from debt investors.
Not Much Better than at the Peak of the Bubble
In "Knee-Jerk Relativism," I highlighted a Philly Post article detailing how incomplete, inconsistent, or irrelevant statistical comparisons serve to paint a distorted picture of where things stand in today's economy. As it happens, an article in today's New York Times,...
In Southeast Asia, Bliss For Bankers
Business for bankers in Southeast Asia is booming: Debt issuance at a record, mergers and acquisitions are on track for the second-busiest year, and some major initial public offerings are lined up in Singapore.
The $1 Billion Samsung Didn’t Need, But Got Anyway (For Cheap)
Samsung Electronics Co.’s stock rose 20.5% in the first quarter and is up another 3.5% just this week. But affection for the company is not just confined to stock investors.
The $1 Billion Samsung Didn’t Need, But Got Anyway (For Cheap)
Samsung Electronics Co.’s stock rose 20.5% in the first quarter and is up another 3.5% just this week. But affection for the company is not just confined to stock investors.
Problem-solving
“FTSE 100 could hit 7,000 if the Bank of England prints more money” - Telegraph headline implicating Legal & General’s Ben Gill as the inflationist paper-bug. Any Martian watching events down here would be scratching its head more than usual....
Dim Sum Not on the Menu for Aussie Corporates
Australian companies are showing little appetite for selling yuan debt in Hong Kong, despite Australia’s growing trade links with China and the growing craze for the so-called “dim sum” bonds.
Fortescue’s Hot Debt
Fortescue Metals Group has pushed through a US$2 billion high-yield bond offering, twice the amount it had set out to raise.
