Spencer Anderson is a senior report at IFR on the people and markets desk. Since joining in 2011 he has written extensively on banking regulation, tax issues and capital markets. He was previously with the Financial Times.
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Global investors are warming to Asian bank capital securities in search of high nominal returns and low loss-absorption risks, despite tighter pricing relative to European alternatives.
Sun Hung Kai Financial is looking to expand its debt capital markets business, betting that a targeted approach and wealthy client base will enable the Hong Kong broker to compete with larger banks.
Mitsubishi UFJ Financial Group’s latest total loss-absorbing capacity eligible bonds issue received stronger demand than an earlier one this year, despite far tighter pricing.