Bonds

Cathay Pacific plans Hong Kong dollar bond issuance, term sheet shows

[SYDNEY/HONG KONG] Hong Kong carrier Cathay Pacific is planning to issue a three- or five-year fixed-rate Hong Kong dollar bond and possibly both, according to a term sheet seen by Reuters on Tuesday ...

The consumer lifestyle group says the notes are part of its S$300 million multicurrency medium-term note programme.

Aspial Lifestyle prices S$28 million in fixed-rate notes due 2029 at 5.1%

Net proceeds will be used to refinance existing borrowings and fund investments, among others

The notes are part of Seatrium’s S$3 billion multicurrency debt-issuance programme.

Seatrium unit prices S$400 million in fixed-rate notes due 2031 at 2.95%

Net proceeds will be used to refinance existing borrowings and fund potential acquisitions, among others

Bank of Japan governor Kazuo Ueda says Japan is facing rising inflation from a “negative supply shock”.

Japanese government bonds rally as bets for BOJ rate hike fade

Imported energy costs from the Middle East crisis cloud the inflation picture and risk a slowdown in the economy

China’s resilience is also gaining recognition among investors amid the Iran war, after its stocks and currency held up better than peers.

China’s US$51 trillion savings help bonds to outperform during war

With credit demand still weak, banks have limited scope to expand lending

China’s stocks and currency have drawn investor attention in recent weeks, as they have also held up well where other assets have suffered.
NEWS ANALYSIS

Seeking shelter from war and stagflation? Take a look at China’s bond market

Chinese debt markets have drawn US$2.5 billion of foreign inflows in March

For Jonathan Mondillo, global head of fixed income at Aberdeen, geopolitical risks remain a major concern.

Investors buy the dip in bonds as the sovereign-corporate divide widens: Aberdeen executive

Demand for investment-grade bonds still outstrips supply, with deals being regularly oversubscribed, he adds

Hong Kong dollar bond issuance is also being propelled by lower funding costs compared to the US currency.

Hong Kong dollar bond sales boom as issuers tap into haven flows

Issuers from outside the city have sold a record HK$189.8 billion of such notes this year

With oil prices well above pre-conflict levels, inflation is becoming harder to ignore.

Global bonds slide as failure of talks adds to inflation fears

Traders have already adjusted their expectations, pushing back expectations for the next quarter-point Fed cut until mid-2027

JPMorgan analysts forecast that America’s biggest banks will issue about US$35 billion in bonds this quarter.

Big US banks set to temper bond sales after strong 2026 debut

Sales will occur after the six firms release first-quarter results