Capital Markets

Japan, China battle over financial infrastructure

TOKYO -- The Japanese government released the revised version of its Japan Revitalization Strategy for 2014 late last month. There was a low-profile but important measure in the strategy: Strengthening the yen's infrastructure. The measure is des...

  • Chinese builder staves off default after local rescue

    SHANGHAI -- Local government aid to a Chinese construction company appears to have averted what might have been the country's first corporate default on short-term debt. Huatong Road & Bridge Group apparently repaid in full 400 million yuan ($64....

  • Foreign companies accelerate cheap yen funding

    TOKYO -- Non-Japanese companies have been raising more funds in yen this year, with low interest rates lifting samurai loans to a record high in the first half. U.S. and European banks cut back on lending after the 2008 financial crisis, leading ...

  • Aviation Industry Corp of China issues 3 billion yuan bond: Dealogic

    Aviation Industry Corp. of China issued a 3 billion yuan bond last week via bookrunners Citic Group and China Minsheng Banking.

  • Japan's pension fund brings in private-equity specialist

    TOKYO -- Japan's Government Pension Investment Fund appointed Hiromichi Mizuno, a partner at Britain's Coller Capital, as the newest member of its investment committee on Friday. Welfare Minister Norihisa Tamura made the announcement the same day...

  • Chat app provider Line files to list on US stock market

    TOKYO -- Instant-messaging app provider Line has submitted an application to the U.S. Securities and Exchange Commission to go public in the American stock market. The company is applying for listing on the Tokyo market as well. It may list on bo...

  • Mitsubishi UFJ Lease to issue dollar bonds

    TOKYO -- Mitsubishi UFJ Lease & Finance Co. will issue $500 million in dollar-denominated corporate bonds, possibly by the end of this month. The notes will have a floating interest rate around 0.8 point above the 3-month Libor rate, and have a m...

  • ONGC Videsh issues $2.2B dual-currency bond: Dealogic

    ONGC Videsh, the wholly owned subsidiary of India's ONGC, issued a $2.2 billion dual-currency bond last week via bookrunners BNP Paribas, Citi, Deutsche Bank, RBS and Standard Chartered Bank.

  • Global corporate bond market heating up

    TOKYO -- Corporate debt offerings are swelling to historic highs as companies rush to raise capital at rock-bottom interest rates. Bond issues in Japan, Europe, the U.S. and other major markets rose 8% on the year in the January-June period to $1...

  • Japanese businesses issue $4.7B worth convertible bonds

    TOKYO -- Japanese businesses issued 480 billion yen ($4.7 billion) worth of convertible bonds during the six months through June, the largest first-half figure in eight years. Holders of convertible bonds have the right to switch their holdings i...

  • Europe's negative interest rate rippling to Japan

    TOKYO -- The so-called negative interest rate policy the European Central Bank adopted last month has increased money flows into Japanese government bonds, driving the yield on three-month notes into negative territory on Thursday. The yield on n...

  • Fundraising surges on Philippine bourse

    MANILA -- Capital raised through the Philippine Stock Exchange surged 147.2% to over 76 billion pesos ($1.76 billion) in the first six months of this year compared to 2013 when less than 31 billion pesos was raised. The benchmark PSE index ended ...

  • Japanese long rates drop to 15-month low

    TOKYO -- Long-term interest rates in Japan have turned downward again as financial institutions step up purchases of government debt for lack of better options. The benchmark yield on newly issued Japanese government bonds slipped to 0.54% Wednes...

  • Asean bourses talk greater integration: Thai exchange chief

    BANGKOK -- Ahead of the launch of the Asean Economic Community at the end of 2015, the region's stock exchanges are in talks on greater integration, said Kesara Manchusree, head of the Stock Exchange of Thailand. The seven Asean stock exchanges -...

  • Surging loans to China cast pall over Hong Kong

    HONG KONG -- The surge in lending by Hong Kong banks to mainland China in recent years has given rise to fears that the banks will be hit hard should turbulence rock the Chinese economy. Recent warnings issued by major ratings agencies about Hong Kon...

  • Indonesia issues 1 billion euro bond: Dealogic

    Indonesia on July 2 issued a 1 billion euro bond via bookrunners Bank of America Merrill Lynch, Citi and Deutsche Bank.

  • Over 20% of Japan loans for small businesses end in loss

    TOKYO -- More than 20% of loans extended by local banks to small businesses in fiscal 2012 resulted in losses, according to a report by Japan's Financial Services Agency. In the year ended in March 2013, total lending costs outweighed revenue fro...

  • Japanese companies less dependent on commercial paper

    TOKYO -- Fewer Japanese companies are considering issuing commercial paper because of the widespread view that the current extraordinarily easy monetary conditions will continue for an extended period. Banks' aggressive efforts to expand lending ...

  • Japanese startups making it rain with venture capitalists

    TOKYO -- Half a dozen or so Japanese startups have landed at least 1 billion yen ($9.72 million) in venture capital since the beginning of the year as they strive to expand their business. Smartphone game developer gumi is the latest on the list....

  • Samurai bond issuance hits 6-year high of 1.5 trillion yen in 1st Half

    TOKYO -- The value of yen-denominated bonds issued by non-Japanese companies in the January-June period jumped 150% on the year to 1.5299 trillion yen ($15 billion), the largest first-half figure in six years. Driving the active issuance of so-ca...