Chong Hing Bank: AT1 Alchemy
Chong Hing Bank (CHOHIN) issued a new Additional Tier 1 (AT1) bond, callable in 2025, with a coupon lower than the yield on its 2024 callable AT1....
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Asian Bank HY Tier 2: Extension Risk Perceptions Vs Global Emerging Market Peers
Asian bank high yield (HY) Tier 2 bonds are perceived to have lower extension risk than their global Emerging Market peers. Combined with...
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Chong Hing Bank: Asset Quality Looks Too Good Pre-AT1 Issuance
Chong Hing Bank (CHOHIN) reported asset quality is at a level higher than almost all other Asia-headquartered banks. This seems too...
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Bank Credit Weekly: Global Risk Sentiment Improves but Asia Still Lags US Rebound
Global risk sentiment drove yields lower as investors continued to be pushed down the credit curve and away from developed markets to obtain higher...
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Asian Bank HY Tier 2: Relative Value Vs Global Emerging Market Peers
High yield Tier 2 bonds of Asia-headquartered banks trade at an attractive valuation relative to Tier 2 bonds of other Emerging Market banks. The...
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