Bond sales by Asian banks fall to lowest in a year
Major lenders, especially from China, stayed on the sidelines due to interest rate uncertainties: S&P Global
Add BT as a preferred source
Singapore
THE level of bond sales by Asia-Pacific banks has fallen to its lowest in at least a year in February, as lenders from the region's major economies, notably China, stayed on the sidelines due to uncertainties over interest-rate trends, said S&P Global on Mar 25.
Based on data compiled by the market intelligence company, analysts McDowell Ramintas, John Wu and Rehan Ahmad said that banks from the world's second largest economy, which is facing a troubled property market, were less active issuing bonds in the first 2 months of this year, dragging down total bond issuances by Asia-Pacific banks.
TRENDING NOW
Yeo’s, Tiger Beer and now Gardenia – flight of food manufacturing from Singapore might be just as planned
Singtel H2 net profit down 20.9% at S$2.2 billion; telco open to Aussie minority partner in Optus
Xi Jinping has just rewritten the rules of US-China rivalry
Singapore shipping veteran, SBF chair Teo Siong Seng and others accused by US of price fixing
