Bank of East Asia: Strategic Review to Set AT1 Value; Forewarned Is Forearmed
Bank of East Asia's (BNKEA) strategic review may have an outsized valuation impact on the firms’ Additional Tier 1 (AT1) bonds given the potential...
475 Views
Rizal Commercial Bank’s Inaugural AT1 Bond: Caveat Emptor
Caveat emptor. That is, let the buyer beware. Rizal Commercial Bank's (RCB PM) Additional Tier 1 (AT1) bond should be un-investable for many. This...
419 Views
Bank Credit Weekly: Asia Outperforms a More Measured US
Asia’s high yield market outperformed as US credit momentum remained more measured. A declining US dollar and investor reach for non-US yield aided...
397 Views
Standard Chartered and IFRS 9 Moves: We Prefer StanLn’s ’23 Callable AT1 to HSBC’s ‘23
Standard Chartered (StanLn) could benefit from a reset of IFRS 9 transitioning and expected credit loss (ECL) deferral, as proposed for European...
344 Views
HSBC AT1 Benefits Less from IFRS 9 Moves; We Prefer Barclays ’22 Callable AT1 to HSBC’s ‘23
HSBC Holdings (HSBC) would benefit less from a reset of IFRS9 transitioning and expected credit loss (ECL) deferral, as proposed for European Union...
303 Views