Bank Credit Weekly: Reduced, but Still Risk-On Sentiment
For every Asia-headquartered bank bond that widened during the week, two tightened. Nonetheless, risk-on sentiment reduced in Asia’s high yield...
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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 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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HSBC Holdings Plc – Not Buying It
Weak 1Q20 Result: HSBC Holdings plc (HSBA.LN/5.HK) [HSBC] reported 1Q20 earnings of USD 2.25bn – missing consensus forecasts by 13%. Linked...
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BOCHK – A Very Managed, Yet Poor Set of Numbers
* Despite Managed Set of Results, Still A Miss: BOC Hong Kong Holdings (2388.HK) [BOCHK] reported 2H19 earnings results of HKD 15.6 bn...
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