02092016Tue
Last update: Tue, 09 Feb 2016 12pm

Asia

Markets - Fixed Income - Asia

Evergrande says to buy $3.2bn China property assets HONG KONG: Evergrande Real Estate Group Ltd said on Tuesday it has agreed to buy mainland property assets in cities including Shanghai and Beijing from the empire of Hong Kong tycoon Cheng Yu-tung for 20.4 billion yuan ($3.2 billion).Evergrande will buy a 60 percent stake in a commercial and residential development in Sichuan province and a project comprising hotel, residential and office buildings in Guizhou province from New World China Land Ltd, which is controlled by Cheng, for 7.3 billion yuan.In a separate statement, Evergrande said it would buy properties and commercial-residential land in Shandong province from Cheng's privately-owned Chow Tai Fook Enterprises for 2 billion yuan and a low-density residential land in Shanghai for 3.5 billion yuan.The mainland developer also agreed to buy a luxury residential project in Beijing from Chow Tai Fook for 7.6 billion yuan.Evergrande said it would finance the deals through internal resources and with the ...

Markets - Fixed Income - Asia

Taiwan sets government bonds, bills issuance plan for Q1 TAIPEI: Taiwan plans to sell T$155 billion ($4.72 billion) in government bonds in the first quarter of next year, mainly to repay debt, the finance ministry said on Wednesday. The ministry said it would issue two-, three-, five-, 10- and 20-year government bonds in the January-March quarter.The government also plans to issue T$130 billion in treasury bills in the first three months of 2016, the ministry said.Copyright Reuters, 2015 ...

Markets - Fixed Income - Asia

Philippine corporate bond issuance may hit $2bn in 2016 MANILA: Philippine companies are expected to raise at least 100 billion pesos ($2.1 billion) by issuing bonds next year to finance expansion plans and infrastructure investments, the country's bond market operator said on Tuesday.Corporate bond listings in the PDS Group's fixed income trading platform slid to 107.4 billion pesos this year from a record 190 billion pesos in 2014 as market volatility weighed on investor sentiment."Because of the urgent need to start public-private partnership (PPP) ...

Markets - Fixed Income - Asia

South Korea to sell net 45.9trn won in t-bonds in 2016 SEOUL: South Korea said on Tuesday it plans to sell 45.9 trillion won ($39.05 billion) worth of treasury bonds next year versus 51.7 trillion won planned for this year.The finance ministry said in a statement net treasury bond sales will be smaller next year than 2015 to prevent budget shortfall. Demand for South Korean treasury bonds is expected to be robust like this year, the ministry said.Copyright Reuters, 2015 ...

Markets - Fixed Income - Asia

JGBs largely firmer, 2-year sale well received TOKYO: Japanese government bond prices were mostly firmer on Tuesday thanks to wobbly Tokyo shares and a well-received two-year debt auction.The two-year yield was unchanged at -0.040 percent , the benchmark 10-year yield rose half a basis point to 0.275 percent and the 40-year yield fell a basis point to 1.380 percent.The two-year yield has spent much of the past six weeks below zero percent, hitting a record low of -0.060 percent last week, driven ...

Markets - Fixed Income - Asia

JGBs steady at lofty levels as stocks slump TOKYO: Japanese government bonds were firm on Monday in line with slumping equities, while the longer zones extended gains made on Friday after the Bank of Japan pledged to increase the average remaining maturity of its JGB portfolio.The benchmark 10-year JGB yield was flat at 0.265 percent, its lowest level since January. March 10-year JGB futures were last nearly flat, down 0.02 point at 149.04, after they hit a record high of 149.18 on Friday.The ...

Markets - Fixed Income - Asia

JGBs rise after BOJ extends portfolio duration TOKYO: Japanese government bond prices rose on Friday, with the longer zones outperforming after the Bank of Japan said it plans to increase the average remaining maturity of its JGB holdings. The BOJ kept intact its policy target of increasing base money - or cash and deposits in circulation - at an annual pace of 80 trillion yen ($655 billion), and said it would extend the average remaining maturity of its JGB purchases to about ...