Capital Markets

Nippon Life to issue subordinated bonds abroad

TOKYO -- Nippon Life Insurance finalized plans Tuesday to issue about $2 billion in dollar-denominated subordinated bonds overseas in a move to strengthen its financial base ahead of a potential tightening of Japanese regulations. The 30-year bon...

  • Investment superstars put to the test

    TOKYO -- The bond market was thrown into some confusion last week when renowned American investor Bill Gross left Pacific Investment Management, the company he cofounded in 1971. His headline-grabbing departure from Pimco can be traced to plunges in ...

  • Hong Kong Exchanges chief plays down protests' market impact

    HONG KONG -- The pro-democracy protests roiling the central business district here may produce short-term volatility in the financial markets, but in the end the "market carries on," the chief executive of Hong Kong Exchanges and Clearing told report...

  • Shenhua Group issues 7.5 billion yuan bond: Dealogic

    Shenhua Group on Sept. 22 issued a 7.5 billion yuan bond via bookrunners Bank of China and China Everbright Bank.

  • 'Exchange of the Year': Osaka expanding derivatives market in Japan

    SINGAPORE - Osaka Exchange (OSE), a part of the Japan Exchange Group and Japan's largest derivatives exchange following integration with the Tokyo Stock Exchange (TSE) in March, was named Exchange of the Year on Thursday by Futures and Options World,...

  • What's behind China's JGB selling spree?

    TOKYO -- China has recently been pulling its money from the Japanese bond market, but the reason remains a mystery. The country's net sales of Japanese government bonds for 2013 surged roughly 80% on the year to top 400 billion yen ($3.62 billion...

  • Foreign investors in August net bought 2 trillion yen in JGBs

    TOKYO -- Global investors are heading into Japanese government bonds as interest rates decline in Western countries. According to data released Monday by the Japan Securities Dealers Association, foreign investors in August became net buyers of l...

  • Development Bank of Japan raises Y30B in green bonds

    TOKYO -- The Development Bank of Japan will issue green bonds worth more than 30 billion yen ($272 million). These euro-denominated bonds will be used for loans to the construction and refurbishment of environmentally friendly buildings. This wou...

  • China Shenhua Energy prices 10 billion yuan bond: Dealogic

    China Shenhua Energy on Sept. 16 priced a 10 billion yuan bond via
    bookrunners China Construction Bank and China Industrial Bank.

  • JGBs steady despite weak yen and higher stocks

    TOKYO (Dow Jones) -- Japanese government bonds were mostly steady Friday, even though they earlier fell amid a further slide in the yen and a rally in the Tokyo stock market. The benchmark 10-year JGB yield was down 0.5 basis point at 0.560% as o...

  • Japanese 1-year bills sink into negative yields

    TOKYO -- The yield on newly issued one-year Japanese government bills dipped into negative territory for the first time Wednesday, mirroring three- and six-month rates as the Bank of Japan buys up short-term debt at any cost. Brokerages unable to...

  • Malaysian state fund's mountain of debt has critics piling on

    KUALA LUMPUR -- State investment fund 1Malaysia Development Bhd is facing intensifying flak over its heavy debt load. The fund, whose board of advisers is chaired by Prime Minister Najib Razak, has spent 12 billion ringgit ($3.72 billion) over th...

  • Hong Kong government issues its first Islamic bond: Dealogic

    The Hong Kong government issued its first Islamic bond through Hong Kong Sukuk 2014 in a $1 billion bond via bookrunners CIMB Group, HSBC, National Bank of Abu Dhabi PJSC and Standard Chartered Bank.

  • Buying negative-yield bonds: Sign of trouble at the BOJ or no big deal?

    TOKYO -- The Bank of Japan waded deeper into uncharted territory on Tuesday, purchasing Japanese government bonds with negative yields for the first time. The move only added to the cloud of uncertainty that has enveloped the central bank as it conti...

  • Private equity boons: Asean integration and sensible housewives

    KUALA LUMPUR -- Navis Capital expects Asean economic integration next year and more informed business practices to provide good opportunities for the regional private equity market. The Malaysia-based private equity firm already has $5 billion un...

  • Japan, U.S., Europe ramping up long-term bond issuance, raising bubble concerns

    TOKYO -- In Japan, the U.S. and countries in Europe, interest rates of long-term government bonds are falling considerably as these advanced nations ramp up the issuance of 40-year and even 50-year bonds to reduce their interest burdens over the long...

  • Orix to issue 30 billion yen in bonds to individual investors

    TOKYO -- Orix plans to raise 30 billion yen ($282 million) as early as this month by issuing straight bonds to retail investors, with the proceeds going toward redeeming outstanding bonds. The 10-year bonds are expected to carry a coupon rate of ...

  • Indonesian government's investment vehicle issues $1.5B Islamic bond: Dealogic

    Perusahaan Penerbit SBSN Indonesia III, an SPV owned by the Indonesian government, on Sept. 2 issueda $1.5 billion Islamic bond via bookrunners CIMB Group, Emirates NBD PJSC, HSBC, and Standard Chartered. (Click here for full StatShot report.)Click h...

  • Lone investor pocketed gains with 0.3 second of 'spoofing'

    TOKYO -- The Chinese investor accused of manipulating prices of long-term Japanese government bond futures apparently used a technique known as "layering" or "spoofing" to move the market to his advantage. Japan's Securities and Exchange Surveill...

  • BOJ unfazed as liquidity slows

    TOKYO -- Long-term interest rates have been declining due to large purchases of Japanese government bonds by the Bank of Japan. Some market players are concerned that bond trading will become increasingly difficult because of lower liquidity, but the...