Bank Credit Weekly: Risk Sentiment Retreats in Asia and US HY Markets
Asia’s high yield market underperformed as risk sentiment in both Asia and the US retreated. US spreads came under pressure following a deluge of...
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HSBC – Unimpressive
There appears to be a recurring theme with banks, whereby those with high credit costs early in the year relative to recent years, see a marked...
254 Views
Asia’s 2020 Callable AT1s: The FAB Non-Economic Precedent
First Abu Dhabi Bank PJSC (FAB or FABUH) surprised credit investors by announcing the call of its 5.25% coupon Additional Tier 1 (AT1) bond on...
316 Views
China Construction Bank: Prospective 10nc5 Tier 2 Bond Is Likely to Be Good Value for the Issuer
China Construction Bank's (CCB) prospective new issue Tier 2 bond is likely to price very close to its existing 2024 callable Tier 2 bond. A flat...
357 Views
Societe General – Business Is Back?!
It should be clear by now that even the Fed is surprised at the pace of recovery, noting specifically the job gains during May. This does not mean...
273 Views