Bonds

In Thailand, issuances from companies such as food producer Thai Union and Skytrain operator BTS have surged from 2018 to 2021.
Bonds

ASEAN governments rush to issue green bonds

From Thailand to Singapore, sustainable financing up in the face of climate change

4 July 2022
A worker installs steel rebars at a highway construction project in Hami, China. Local Chinese governments have issued a record total of bonds for infrastructure investment in June.
Economy

China sets record local bond issuance in June to spark economy

$224bn anticipated for infrastructure projects as Beijing orders fast action

28 June 2022
The Bank of Japan headquarters in Tokyo: Analysts forecast the central bank's holdings of JGBs will eventually exceed 60% of the total issued. (Photo by Akira Kodaka) 
Inflation

Bank of Japan's government bond holdings exceed 50% of total

Central bank's debt holdings hit record high in defense of its yield cap

27 June 2022
Shanghai has emerged from its coronavirus lockdown, but the government's hard-line zero-COVID containment policy hangs over the economic outlook.
Bonds

China panda bond market flashes economic warning sign

Issuances fall by half from last year as zero-COVID policy creates uncertainty

26 June 2022
Hong Kong has sought to attract investment focused on environmental, social and governance factors.
Finance

Hong Kong touts ESG credentials with world's biggest retail green bond

$2.5bn offering is city's latest building block in hub for sustainable finance

19 May 2022
Sunac China missed $104.73 million in interest coupon payments on four offshore bonds last month.
China debt crunch

Developer Sunac China admits default on $750m bond

Chairman offers 'sincere apologies' while warning it could miss more debt deadlines

12 May 2022
China's effort to reduce leverage at the big developers and curb speculative homebuying has engineered a slump in sales and a spike in corporate defaults.
Business Spotlight

Chinese property developers see hope in Politburo policy shift

Beijing changed tone on real estate, as on tech, but will it halt the sales slide?

6 May 2022
The yen has slumped against a broad range of currencies. (Photo by Takuya Ikeda)
Currencies

As yen slides, Japan clings to near-zero interest rates

BOJ's latest defense of ultraloose policy puts it further behind inflation-fighting curve

21 April 2022
The idea of Sri Lanka paying foreign debt while people went hungry became untenable. (Source photos by AP and Reuters) 
Market Spotlight

Sri Lanka's international bondholders brace for a haircut

Debt-ridden country's recent history is a chronicle of a default foretold

18 April 2022
Russia has threatened to make payments on dollar-denominated debt in rubles, even when bond terms do not allow for it.
Bonds

Russia default risk mounts as Moscow threatens ruble repayments

Nearly half of foreign-currency reserves frozen under Western sanctions

15 March 2022
Bank of Japan Gov. Haruhiko Kuroda holds a news conference in April 2021. (Mainichi/pool photo)
Markets

BOJ fights taper speculation with emergency bond purchases

Benchmark yield climbs toward 0.25%, prompting central bank to step in

11 February 2022
”Ghost towns” abandoned in the process of construction are spread across China, with more than 80 in Yunnan Province alone. (Photo by Yusuke Hinata)
The age of 'Great China'

Concrete 'ghost towns' make China's real estate bubble visible

Land prices over twice those in U.S.; many trapped in unfinished homes

9 February 2022
Shimao Chairman Hui Wing Mau was one of the first entrepreneurs from Hong Kong to enter the mainland Chinese market during the reform period of the 1980s. (Source photos by AP and Reuters) 
Business Spotlight

China's Shimao fights to restore confidence as debt crisis spreads

Property market downturn hits Shanghai developer whose finances had not previously raised red flags

4 February 2022
 (Source photos by Tsuyoshi Tamehiro, Karina Nooka, Wataru Ito and Reuters)
Market Spotlight

Weak yen complicates life for Kuroda and Kishida

Traders predict further tests for Japanese currency

24 January 2022
Evergrande, which missed bond coupon payments last month, faces a new wave of debt deadlines in the coming days.
China debt crunch

Evergrande eyes new advisers as creditor outcry grows louder

International investors slam Chinese developer's debt restructuring as 'opaque'

21 January 2022
A China Aoyuan project in Hong Kong. 
China debt crunch

Developer China Aoyuan will not repay investors for $688m bonds

Company also halts payments on other offshore debt securities

20 January 2022
JFE will use the funds raised through its transition bonds in projects such as reducing energy consumption at its steel mills.
Companies

JFE to become first Japan manufacturer to issue 'transition bonds'

Steel producer to raise over $260m to develop energy-saving tech

19 January 2022
Recent votes by investors on whether to accept bond swaps offered by beleaguered Chinese property developers have delivered mixed results. 
China debt crunch

Investors face dilemma as Chinese developers offer bond swaps

Holders told to accept reduced and delayed repayment or take bankruptcy risk

14 January 2022
Gautam Adani says his business is "well on track to be the world's largest renewable power generating company by 2030." (Source photos by Getty Images and courtesy of Adani Green Energy)
Interview

Adani to lean on green bond market for renewables expansion

Indian billionaire aims to transform his fossil fuel-reliant business empire

7 January 2022
Citigroup analysts estimate Guangzhou R&F sold 8 billion yuan worth of homes last month, 66% less than a year before.
China debt crunch

Chinese developer R&F warns investors over bond repayment offers

Debt-strapped company says may not have cash to make good on partial payback

6 January 2022
The headquarters of debt-laden China Evergrande Group in Shenzhen. Dollar-denominated bond issuance by Chinese real estate companies remains all but frozen.
China debt crunch

China real estate sector's yuan bond issuance comes roaring back

Authorities signal looser credit to keep housing projects from going bust

15 December 2021
Thursday's declaration marks the first official recognition of a default by Evergrande, the world’s most indebted real estate company.
China debt crunch

Fitch declares Evergrande and Kaisa to be in 'restricted default'

Rating agency says failure to make coupon payments could trigger more demands

9 December 2021
China Evergrande continues to operate and its shares are still being traded on the Stock Exchange of Hong Kong as bondholders await confirmation on whether it has defaulted. 
China debt crunch

China Evergrande's distress: Three things to know

Developer may have finally defaulted on its bonds, but confirmation is lacking

8 December 2021
Growing troubles at developers including Sunshine 100, Kaisa and Aoyuan suggest China Evergrande is not an isolated case despite official reassurances.
China debt crunch

Chinese developers' distress mounts despite Beijing assurances

Sunshine 100 and Aoyuan default as investors wait on Evergrande and Kaisa

6 December 2021
Commonwealth High School in Quezon City, Metro Manila, put solar panels on its roof last year. (Photo courtesy of Quezon City Government)
Climate Change

Asian cities search for ways to finance climate projects

Underdeveloped municipal bond markets hinder green action, experts say

26 November 2021