Southeast Asia

◆ Raises lower end of €1.25bn-€1.5bn target after feedback ◆ Reintroduces positive new issue premium from major FIG issuer ahead of possible slowdown ◆ Follows Singapore dollar tier two

Fresh impetus for Singapore dollar deals, in particular, as US firms look to jump in

◆ French bank raises €500m from a 12 year non-call seven tier two social bond ◆ Strong demand for FIG capital pushes final book to €5.6bn ◆ UBS returns to Singapore with fresh AT1

Country's credit default swaps tighten after presidential election, which ends one political uncertainty in Asia

Singapore’s ST Telemedia Global Data Centres last week issued a rare instrument: a sustainability-linked hybrid capital bond. Nelson Lim, the company’s CFO, explains why

Deal by Singapore’s ST Telemedia shows KPI-linked sub debt can work

Cost was lower than euros and cheaper than the bank's debut Sonia deal

Oil and gas company brings Indonesia’s first HY corporate bond of 2023 but pipeline thin as funding costs bite

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