Capital Markets

Japan's pension giant posts 5tn yen investment loss for April-June

TOKYO -- Japan's Government Pension Investment Fund lost 5.23 trillion yen ($51.9 billion) on investments in the April-June quarter as the yen appreciated and stocks fell due to such factors as the British vote to leave the European Union.The GPIF re...

  • World Bank to issue SDR bonds in China for first time

    SHANGHAI -- The World Bank will issue bonds denominated in Special Drawing Rights in Shanghai at the end of August -- marking a status boost for the Chinese yuan.The float is seen comprising three-year bonds totaling 500 million SDR units. This comes...

  • Tokyo Tatemono to float first-ever superlong bonds

    TOKYO -- Tokyo Tatemono plans to raise 10 billion yen ($99.4 million) by issuing 15-year straight bonds, the Japanese property developer's first debt with a maturity longer than 10 years.Terms will be decided as early as August. The coupon rate is ex...

  • Commentary

    Nicholas Spiro -- Market calmness on China belies underlying risks

    Investors have been taking little notice of yuan weakness, putting money back into Chinese stocks and bonds, but vulnerabilities are rising.

  • Japan Inc. bond floats seen doubling this quarter

    TOKYO/OSAKA -- Japanese companies are expected to issue 3.3 trillion yen ($32.9 billion) worth of bonds during the three months ending in September, double the amount from the year-earlier quarter, as businesses capture demand from yield-hungry inves...

  • Mitsubishi Corp. readies new hybrid bonds

    TOKYO -- Mitsubishi Corp. will issue hybrid subordinated bonds targeting institutional investors as soon as September, aiming to raise about 200 billion yen ($2 billion) through an instrument that is partially counted as equity.Mitsubishi UFJ Morgan ...

  • Price is right for JGB buyers in 'solid' 5-year auction

    TOKYO --Risk-averse investors swarmed the Japanese Ministry of Finance's auction of five-year government bonds Thursday, attracted by a dip in prices.The bid-to-cover ratio, an indicator of demand, rose from the July auction to 3.57. The lowest accep...

  • Japan Inc. taps superlong debt for unintended purposes

    TOKYO -- Newcomers in Japan's superlong corporate debt market are using the money raised for such purposes as share buybacks, much to the chagrin of the Bank of Japan, which had hoped that its negative-rate policy would spur capital investment.In the...

  • Japan Post Bank to bring back transfer fees

    TOKYO -- Japan Post Bank in October will start charging customers for transferring money between accounts at the bank for the first time in nine years, seeking to bolster profits squeezed by negative interest rates.The bank will allow three free tran...

  • Global yield hunt lifts foreign investment in Malaysian bonds

    KUALA LUMPUR (NewsRise) - Foreign investments into Malaysian government bonds are expected to remain strong as investors hunt for high yielding papers at a time when yields of sovereign debt at many developed markets are trading in the negative."Mala...

  • India's steps to regulate algorithmic trade may hurt liquidity, traders say

    MUMBAI (NewsRise) -- India's capital markets regulator recently proposed measures to tighten regulations on algorithmic trading to ensure equal and fair access to all market participants, but traders are concerned the steps may pose a threat to preva...

  • Banks raising guard against possible JGB crash

    TOKYO -- Bank of Tokyo-Mitsubishi UFJ formally quit its role as a primary dealer of Japanese government bonds this July 15, a move that reflects the lender's heightened sense of risk over a possible crash in the JGB market.The Mitsubishi UFJ Financi...

  • Rate cut leaves Australia with few options for reviving economy

    SYDNEY -- Now that the Reserve Bank of Australia has entered uncharted territory, it may not have anywhere else to go.The board on Aug. 2 reduced the policy interest rate by a quarter of a percentage point to a record low of 1.5%, a move intended to ...

  • Mizuho hikes long-term prime rate amid spiking bond yields

    TOKYO -- Mizuho Bank is raising its long-term prime lending rate for the first time in 18 months in response to sharp gains in Japanese government bond yields.The prime rate will go up five basis points for an annual interest rate of 0.95%, the Mizuh...

  • BOJ weighs bond-buying tweaks

    TOKYO -- The Bank of Japan is grapling with adjusting its monetary easing trajectory amid the growing sense that its purchases of Japanese government bonds are reaching a limit.The central bank plans to conduct a "comprehensive assessment" of its mon...

  • Fosun International offers to invest in Portuguese bank

    HONG KONG -- Fosun Industrial Holdings, a wholly owned subsidiary of Fosun International, has made an offer to buy 16.7% of Banco Comercial Portugues. The Chinese company offered to pay 236 million euros ($261 million) for new shares in the Portugues...

  • JGBs see worst sell-off in 3 years as BOJ policy doubts emerge

    TOKYO (Reuters) -- Japanese government bonds had their worst sell-off in more than three years on Tuesday after the Bank of Japan said last week it would re-evaluate its policies, spooking investors who saw it as a tacit admission that easing could b...

  • Long-bond fever ignores interest rate perils

    TOKYO -- Yield-hungry investors are snapping up long-term bonds as fast as companies can issue them, decoupling yield and creditworthiness in a way that could prove dangerous if interest rates begin to rise.The boom in ultralong bonds with maturities...

  • Vedanta's Sweetened Offer Brightens Cairn Energy Merger Chance

    MUMBAI (NewsRise) -- Indian mining and metals company Vedanta's sweetened offer to take over the local unit of Cairn Energy has improved the chances of salvaging the troubled merger that has been delayed for more than a year, but concerns linger over...

  • Brisk bond market helping Southeast Asia Inc. raise cash

    TOKYO -- Corporate fundraising through bond floats is more popular than ever in Southeast Asia, thanks to a sizable investor appetite and improvements to market functionality.