Capital Markets

Hong Kong-listed Dalian Wanda Commercial Properties is being taken private, likely in preparation for a mainland listing.

Chinese IPO slowdown leaves returnees out in the cold

SHANGHAI -- China's initial public offering market has shrunk dramatically this year, with overseas-listed Chinese companies that are planning mainland debuts among those left to wait in a growing line.Funds raised from Chinese IPOs between January a...

  • S&P strips UK of last top-notch credit rating after Brexit

    LONDON (Reuters) -- Ratings agency Standard & Poor's stripped Britain of its last remaining top-notch credit rating on Monday, slashing it by two notches from AAA and warning more downgrades could follow after Britons voted to leave the European Unio...

  • Ultralong JGBs spiral to record lows; zero yield feared

    TOKYO -- Yields on 20- and 30-year Japanese government bonds sank to new lows Monday as investors flocked to the safe-haven asset after the U.K. voted to leave the European Union last week.The benchmark yield on 20-year JGBs slid to 0.08%, while the ...

  • More market undulations ahead

    TOKYO -- Investors should expect yet more turmoil next week as the Brexit shock continues to shake financial markets.Britain's decision on Thursday to leave the European Union has clouded the financial markets with a number of unknowns, including how...

  • JGB dealers may get better perks so they don't quit

    TOKYO -- Japan will look into tweaking its primary dealer system for government bonds, aiming to keep the scheme on solid footing as one bank plots an exit.The Ministry of Finance currently designates 22 banks and securities companies as primary deal...

  • 10-year JGB yield falls to all-time low of minus 0.215%

    TOKYO -- The yield on the benchmark 10-year government bonds fell to a record low of minus 0.215% Friday, down 0.070 percentage point from the previous day. Demand for Japanese government bonds, considered a safe-haven asset, picked up as a result of...

  • JGB buyers unfazed by uncertainty at referendum-day auction

    TOKYO -- Japan's Ministry of Finance enjoyed solid demand for new 20-year debt Thursday, belying predictions of a low-turnout auction ahead of a U.K. vote on European Union membership.The government bond offering was oversubscribed by 3.61 times, up ...

  • China state-owned lessor floats shares in Hong Kong amid rising bad assets

    HONG KONG -- The leasing arm of national policy lender China Development Bank, CDB Financial Leasing, has launched one of the largest initial public offerings in Hong Kong this year as soured assets across China are rising fast. The Shenzhen-based le...

  • Sprint mulling securitizing cellular frequency rights

    TOKYO -- Sprint, the U.S. unit of Japan's SoftBank Group, is considering raising funds by securitizing rights to mobile phone frequencies.Under the framework, Sprint would sell the usage rights to a special-purpose company, which in turn would securi...

  • JGBs slip as investors' risk appetite returns

    TOKYO (Reuters) -- Japanese government bonds slipped on Monday, as risk appetites were strengthened by opinion polls showing British voters have swung and now favour remaining in the European Union.The longer zone faced the brunt of Monday's selling ...

  • Third time's a charm for Line listing

    TOKYO -- Japanese chat app provider Line is set to debut on the Tokyo Stock Exchange next month in what will likely be this year's largest initial public offering, with a nearly simultaneous listing in New York. But this long-awaited event has come o...

  • Bank of Japan holds more than a third of all JGBs

    TOKYO -- The Bank of Japan's holdings of Japanese government bonds have reached a third of the outstanding balance, resulting from large-scale purchases under its monetary easing program.The central bank held 364 trillion yen ($3.49 trillion) in JGBs...

  • Japanese corporate pensions flee stocks in search of new options

    TOKYO -- A volatile stock market and negative interest rates are pushing Japanese corporate pension funds away from traditional investments and toward alternatives such as hedge funds and real estate promising more stable returns.Domestic and foreign...

  • 10-year JGB yield hits record low of minus 0.210%

    TOKYO -- Long-term interest rates dropped to record lows in Tokyo on Thursday morning, as speculation that the U.S. Federal Reserve will slow its pace of interest rate hikes spurred bond buying.The yield on the benchmark 10-year government bonds fell...

  • JFE to take out 60-year subordinated loans

    TOKYO -- JFE Holdings will raise about 200 billion yen ($1.88 billion) through 60-year subordinated loans as early as this month, capitalizing on low interest rates to secure funds for investment in growth.The Japanese steelmaker is expected to sign ...

  • BOJ could be bracing for Brexit with delayed bond buying

    TOKYO -- Risk-averse investors are surging into Japan's bond market as the U.K. prepares for a referendum on European Union membership, pushing yields to record lows and possibly forcing the Bank of Japan to delay bond-buying operations as a way to t...

  • Hollowed-out JGB market raising concerns

    TOKYO -- Yields on Japanese government bonds are continuing on a downward spiral even as domestic demand for the debt sputters, raising questions over the stability and sustainability of a market driven almost entirely by the Bank of Japan and foreig...

  • Japan mulls likely chill on JGB investment from new capital rules

    TOKYO -- Whether Japanese banks will become even more discouraged from investing in government bonds under new international rules expected to debut in 2018 drove a meeting held by the country's Finance Ministry with experts in the field Monday.The n...

  • BTMU says it will drop out as JGB primary dealer

    TOKYO -- Bank of Tokyo-Mitsubishi UFJ has informed Japan's Finance Ministry that it will cease to serve as a market maker for Japanese government bonds, a move driven by the growing burden of holding the notes under negative interest rates.Top offici...

  • Fitch cuts Japan's credit outlook

    TOKYO -- Fitch Ratings has lowered its outlook for Japan's creditworthiness from stable to negative, showing doubts about the country's fiscal discipline.Japan retains an A credit rating, the company said Monday. But the revised outlook indicates a d...