Capital Markets

Tokyo to issue Aussie dollar municipal bond

TOKYO -- The Tokyo Metropolitan Government said Friday that it will sell an Australian dollar bond to retail investors later this year, its first issuance of foreign-currency debt in the postwar era. The move is part of Tokyo's efforts to become ...

  • Ray Dalio: US 'beautifully' deleverages but most places need more easing

    NEW YORK -- Ray Dalio, founder of the world's largest hedge fund, Bridgewater Associates, guided his company through the Great Recession as many got burned. How did he do it? Last year, he released an animated video, "How the Economic Machine Works,"...

  • When Bridgewater's Dalio speaks, people listen

    NEW YORK -- Ray Dalio, founder of Bridgewater Associates, the world's largest hedge fund, was born in the working-class borough of Queens, New York. His father was a saxophone player and his mother was a full-time homemaker. Now the superstar investo...

  • Famed US investor creates cartoon to explain economy

    NEW YORK -- Ray Dalio, founder of the world's largest hedge fund, Bridgewater Associates, has made a cartoon that explains how the economy functions. In the YouTube video "How the Economic Machine Works," the American businessman analyzes three e...

  • Investors swallow negative yields to park money with government

    TOKYO -- Japan's Finance Ministry sold three-month treasury bills at negative yields Thursday, meaning that investors paid for the privilege of lending to the government. Investors are flocking to sovereign debt amid market volatility even as the ...

  • Daifuku to borrow yuan in Singapore

    SHANGHAI -- The Chinese unit of Daifuku, a Japanese manufacturer of equipment for logistics facilities, plans to borrow yuan in Singapore instead of China to take advantage of lower interest rates. The company will borrow about 48 million yuan ($...

  • Bank of China issues $6.5 billion in additional Tier 1 capital preference share

    On Oct. 17, Bank of China issued $6.5 billion in USD-denominated Additional Tier 1 Capital Preference Share via bookrunners BNP Paribas, Bank of China, CITIC Securities, China Merchants Securities, Citi, Credit Suisse, HSBC, Morgan Stanley, and Stand...

  • Abe's cabinet nightmare looms over market

    TOKYO -- Japanese Prime Minister Shinzo Abe's economic program is likely to suffer a setback following the resignations of two Japanese cabinet ministers on Monday. Premiums for credit default swaps, which insure Japanese government bonds against...

  • Inner Mongolia Yitai Coal issues 4.5 billion yuan bond

    Inner Mongolia Yitai Coal on Oct. 8 issued a 4.5 billion yuan bond via bookrunners CITIC Securities, China Development Bank Corp, China International Capital Corp, China Securities Co, Deutsche Bank, and Morgan Stanley. (Click here for full StatShot ...

  • Kazakh bond return paves way for corporate borrowers

    ASTANA -- The return of Kazakhstan to the international bond market after a 14-year absence has stirred investors' appetite for its long-awaited notes and paved the way for a resumption of international issues by local companies. "The placement w...

  • Bank of Suzhou issues 2 billion yuan bond

    Bank of Suzhou on Sept 30 issued a 2 billion yuan bond via sole bookrunner Bank of Nanjing. (Click here for full StatShot report.)Click here for Asia M&A Scoreboard.(Dealogic)

  • IFC to bring philanthropic bonds to Japan

    TOKYO -- International Finance Corporation, a member of the World Bank Group, will issue philanthropic bonds for Japanese investors in October. It will be the first time such bonds, which are aimed at helping low-income earners in developing countrie...

  • Japanese fund to invest in hospice care, physical therapy

    TOKYO -- In its first outing, a fund launched by five of Japan's biggest regional banks will invest in unlisted companies offering home hospice care and physical therapy. Bank of Yokohama, Bank of Fukuoka, Joyo Bank, Chiba Bank, and Nishi-Nippon ...

  • 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...