Bank Credit Weekly: Risk-On Until Hong Kong
Almost all Asia-headquartered bank bonds tightened in this week’s risk-on environment. However, Friday’s jump in Hong Kong's inter-bank rates...
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Bank of East Asia: New 10nc5 Tier 2 Bond Issue Is Fully Valued
Bank of East Asia (BNKEA) issued a ten non-call five-year Tier 2 US$-bond which priced at a spread of 375 basis points over similar maturity...
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Bank of East Asia’s Tier 2 Roadshow Moves December AT1 Bond
Bank of East Asia's (BNKEA) short-callable Additional Tier 1 (AT1) is benefitting from the announcement of a fixed income roadshow from 19 May. The...
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Bank Credit Weekly: Insight 2020 Update on Contingent Capital – CCB (Asia) Curve Value
In preparation for Insight 2020, we change it up this week and update several charts that we will discuss during the event. Notably, we find that...
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Bank Credit Weekly: Bank Mandiri and RBS Issuance Suggest Value in the Market
The rally in Asia’s high yield index stalled with spreads largely unchanged week-on-week. All Asian bank subordinated Tier 2 and Additional Tier 1...
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