05262016Thu
Last update: Thu, 26 May 2016 07pm

Markets - Fixed Income

Markets - Fixed Income - Asia

Malaysia says $1.5 billion sukuk oversubscribed KUALA LUMPUR: Malaysia said on Thursday that it has successfully priced a $1.5 billion dual-tranche benchmark Islamic bond, or sukuk, which was oversubscribed by 4.2 times. The sukuk is split between a $1 billion 10-year tranche and a $500 million 30-year trache at a rate of 3.179 percent and 4.080 percent respectively, the ministry of finance said in a statement. The deal was oversubscribed by 4.2 times, attracting an aggregate interest of over $6.3 billion from a combined investor base of over 195 accounts, the statement said. The deal was priced after a roadshow across global financial centres, including Kuala Lumpur, Hong Kong, Singapore, Abu Dhabi, Dubai, London and New York. CIMB, HSBC, J.P. Morgan and Maybank acted as the joint bookrunners and joint lead managers for the offering. Copyright Reuters, 2016

Markets - Fixed Income - Europe

Bund yields fall with long-term inflation measure back below 1.40pc LONDON: German bond yields fell on Wednesday, hauled down by a drop in long-term inflation expectations and relief that a sale of 10-year debt went smoothly.Significant market moves were capped a day before a European Central Bank meeting, even though investors do not expect any new hints of easing following last month's stimulus measures.Germany sold about 3.2 billion euros of bonds in a top-up of its 0.50 percent 10-year Bund at an average yield of ...

Markets - Fixed Income - Asia

China finance ministry sells 7-year bond at 2.9393pc, above f'casts SHANGHAI: China's Ministry of Finance auctioned 33 billion yuan ($5.10 billion) of seven-year bonds in the interbank market on Wednesday at an average yield of 2.9393 percent, traders said, higher than expected. Market forecasts had centred around 2.86 percent and ranged from 2.80 to 2.90 percent. The auction yield came in above Tuesday's benchmark secondary market yield of 2.8455 percent for seven-year government bonds. For stories on Chinese debt issues, click on. ($1 = 6.4690 ...

Markets - Fixed Income - Europe

Surprise Italian bond sale drives up peripheral yields LONDON: Low-rated euro zone bond yields rose on Tuesday as investors made room in their portfolios for an unexpected Italian bond sale, while growing chances of an election re-run in Madrid added to the long list of upcoming political risks.Italy issued a 6.5 billion-euro 20-year bond, pricing the new 2.25 percent, September 2036 benchmark at 39 basis points over the 1.65 percent March 2032 BTP, according to Thomson Reuters' IFR.Over 17 billion euros' worth of ...

Markets - Fixed Income - Europe

Tumbling oil prices send Bund yields lower LONDON: German Bund yields dipped on Monday as oil prices plunged following a meeting by major exporters in Qatar that collapsed without an agreement to freeze output. But the drop in yields was limited by the fact that markets do not expect any new easing signals from the European Central Bank at its meeting this week, having unveiled a comprehensive package in March aimed at creating inflation.Brent crude futures were 5 percent lower at $40.9 ...

Markets - Fixed Income - Asia

China sees property sector making greater contribution to economic growth BEIJING: China sees its property sector showing a greater contribution to economic growth in the first quarter this year, the statistics bureau said on Friday. Spokesman Sheng Laiyun said there was increased divergence between property prices in major cities and smaller cities, while prices would continue to come under pressure from big inventories.Sheng's remarks follow news that China's property investment growth quickened to 6.2 percent in the first three months of 2016, as national sales ...

Markets - Fixed Income - Asia

Singapore private home sales up 38pc y/y in March SINGAPORE: Sales of private homes by developers in Singapore rose 37.5 percent in March from a year earlier, government data released on Friday showed. The Urban Redevelopment Authority said developers sold 843 units in March, up from the 613 units sold in March last year. The sales more than doubled the 303 units sold in February.Copyright Reuters, 2016