Rizal Commercial Bank: The Known Unknowns in Advance of Its AT1 Issuance
There are several disconcerting issues pertaining to Rizal Commercial Bank (RCBPM) which potential investors need to gain comfort regarding in...
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Philippine Banks: A Related Party
Related party exposure is material credit negative for several Philippine-headquartered banks. Most, if not all, invested equity is relent back to...
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Bank Credit Weekly: Risk Restart
Emerging market capital inflows restarted with the beginning of the third quarter. Nonetheless, risk sentiment remained decoupled globally as...
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Bank Credit Weekly: Reduced, but Still Risk-On Sentiment
For every Asia-headquartered bank bond that widened during the week, two tightened. Nonetheless, risk-on sentiment reduced in Asia’s high yield...
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Bank Mandiri Persero: New $US-Bond Issue – We See Fair Value at T+420
Bank Mandiri Persero (BMRIIJ) issued a five-year senior unsecured US$-bond today which priced at a spread of 455 basis points over similar maturity...
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