Capital Markets

Japan's life insurers buying riskier assets to boost returns

TOKYO -- Japanese life insurance companies are stepping up investment in real estate, stocks, foreign bonds and other assets that carry risk as they strive for more attractive yields. Nippon Life Insurance plans to invest 1.6 trillion yen ($15.4 ...

  • Japan's megabanks grabbing more of Asian syndicated loan market

    TOKYO -- Japan's three megabanks, Bank of Tokyo-Mitsubishi UFJ, Sumitomo Mitsui Banking and Mizuho Bank -- are increasing their shares of the syndicated loan market in Asia. The total share of the three banks in Asia outside Japan rose 6.8 percen...

  • Japan's giant pension fund gets infusion of new blood

    TOKYO -- An academic who belonged to a panel arguing for a bolder approach to asset management at Japan's Government Pension Investment Fund is expected to become the next head of its investment committee. Waseda University professor Yasuhiro Yon...

  • SESC set to penalize lawyer suspected of insider trading

    TOKYO -- Japan's securities watchdog is investigating an alleged case of insider trading involving a lawyer affiliated with a Tokyo law firm. The man in his 60s allegedly obtained the tip about a planned public offering of a Jasdaq-listed firm wh...

  • South Korea's KT prices $1B bond: Dealogic

    KT, a South Korean telecom company, priced a $1 billion bond this week. The deal was priced at a discount and is the second largest dollar-denominated deal by a South Korean issuer in 2014.

  • Corporate bond issuance costs tumbling in Japan

    TOKYO -- Japanese companies are taking advantage of historically low issuance rates to float more bonds, and investors hungry for viable investment opportunities are snapping them up. Issuance terms were settled over Wednesday and Thursday for so...

  • China Unicom sells 'biggest' dim sum bond

    HONG KONG -- China Unicom, one of the country's leading mobile carriers, issued 4 billion yuan ($643 million) in bonds Wednesday in what it called the largest sale of yuan-denominated debt in the offshore market. The offering of a three-year note ...

  • Japan's banks boosting dollar procurement to record levels

    TOKYO -- Japanese banks are aggressively raising dollar-denominated funds as they increasingly lend money abroad. They issued $20.3 billion in bonds last fiscal year, up 30% on the year and an all-time high. Overseas lending by the top three ...

  • Pakistan prices $2B bond: Dealogic

    Pakistan on April 8 priced a $2 billion bond via bookrunners Bank of America Merrill Lynch, Barclays, Citi and Deutsche Bank.

  • In first, Japanese investors turn net sellers of foreign bonds

    TOKYO -- Foreign bonds fell prey to net selling by Japanese investors in fiscal 2013 for the first time since comparable data became available in fiscal 2005. The net selling of overseas medium- to long-term bonds reached 4.85 trillion yen ($46.7...

  • Sinopec Group Overseas prices five-tranche $5 billion bond: Dealogic

    Sinopec Group Overseas Development on April 2 priced a five-tranche $5 billion bond via bookrunners JPMorgan, Goldman Sachs, Morgan Stanley, HSBC, RBS, China Construction Bank, UOB, Commonwealth Bank of Australia, China Merchants Securities, SG CIB, ...

  • Japan gets first private debt fund

    TOKYO -- A Tokyo asset management company has launched the nation's first independent private debt fund, a type of fund that gained prominence in the West after the 2008 financial crisis. The fund will buy loans, including those to "watch list" b...

  • Bank of Japan's monetary easing plans may be seen in current account balance

    TOKYO -- Tokyo stocks closed above 15,000 on Thursday for the first time since March 11. Various factors have contributed to the recent rise in Tokyo shares, including the weaker yen, strong U.S. stocks and improved supply-and-demand since the be...

  • Bank of Japan hard-pressed in effort to boost money supply

    TOKYO -- A year after embarking on its unprecedented quantitative easing program, the Bank of Japan is facing greater difficulty maintaining the monetary base through market operations. It has become commonplace for the central bank's fixed-rate ...

  • JGB trading seen nearing record lows in fiscal 2013

    TOKYO -- Turnover of Japanese government bonds has dropped markedly in the year since the Bank of Japan launched its unprecedented quantitative easing policy, with the central bank's massive asset purchases draining the pool of JGBs available to be t...

  • MUFG becomes latest megabank to ready 'bail-in' bond

    TOKYO -- Mitsubishi UFJ Financial Group is preparing to issue debt that counts as capital under new international standards, joining its fellow Japanese megabanks. MUFG filed a registration Wednesday with the Kanto Local Finance Bureau that will ...

  • Japanese banks the world's healthiest: incoming bank lobby chief

    TOKYO -- Japan's financial institutions are more sound than any other country's, Nobuyuki Hirano, incoming chairman of the Japanese Bankers Association, told The Nikkei in an interview. He also asserted that there are significant differences betw...

  • ADB prices 1.5 billion euro supernational bond: Dealogic

    Asian Development Bank on March 25 priced a 1.5 billion euro ($2 billion) supernational bond via bookrunners BNP Paribas, Deutsche Bank, Goldman Sachs and HSBC.

  • Yields seen rising on JGBs with more time left

    TOKYO --Yields on Japanese government bonds with more than 10 years remaining until maturity will likely start climbing next month or later because of a looser supply-demand balance as the central bank cuts back on buying. The government is slate...

  • REIT bond issuance in Japan likely up 57% on year

    TOKYO -- The total value of bonds issued by Japanese real estate investment trusts for fiscal 2013 will likely jump 57% on the year to 154.8 billion yen ($1.5 billion), its highest since fiscal 2010. Property acquisition ran its course by the end of ...