Southeast Asia

German bank attracts HNW investors to second deal of year in Singapore dollars with chunky coupon

Issuers pause deals as Israel-Hamas conflict adds more uncertainty to funding environment

◆ Deal precedes redemption of AT1 and exacerbates shortage of paper in the currency ◆ Issuer locks in ‘very good’ arb ◆ HSBC’s third trade this week follows sterling covered and senior bonds

◆ French issuer banks on ‘good name recognition’ to price far tighter than euros ◆ Investors now have high exposure to issuer ◆ Foreign subordinated issuance may slow down due to worsening rate moves

Asian borrowers are finding better funding options in Australian dollars and Japanese yen as higher US dollar interest rates bite

◆ Lloyds prices first foreign subordinated debt in Singapore dollars since CS’s collapse ◆ Deal offers arbitrage versus G3 markets ◆ NatWest starts marketing senior Kangaroo

◆ No foreign bank has issued subordinated debt in the currency since CS collapse ◆ Local heavyweight showed there is demand for AT1 ◆ Will be issuer's fourth currency outing since Q2 results

Singaporean bank captures large orders amid scarcity of Aussie supply, with more foreign lenders to follow

◆ French Samurai issued across the capital structure ◆ Bank of Japan supports cheaper yen issuance than dollars ◆ HSBC lures yield-driven buyers with lower yielding senior bail-in foray

More foreign banks are preparing to issue in Japan as local investors show strong appetite

Deep Australian dollar market offers foreign firms competitive pricing

Investors spy chance to pick up high yielding bank debt across currencies