bea

The Hong Kong duo enjoy a constructive reception from the market, making the most of investors’ desperation for yield.

The private equity firm is looking to grow this cash-generative business via acquisitions, justifying the steep valuation it paid to fend off Vistra and Link.

BEA tier-1 capital bond saves bank from a deteriorating capital base built on outdated standards.

The decision of the minority investors of Power Assets Holdings to reject the revised takeover offer from Cheung Kong Infrastructure is a good step for shareholder rights.

SMFG’s greater presence in the Hong Kong bank makes M&A less likely and dilutes other shareholders.

Tom Michaud, chief executive of Keefe, Bruyette & Woods, says that more Asian banks will look to buy US bank assets, aided by a swath of motivated sellers. But Asian banks should not expect an easy ride.

Given the timing of Industrial and Commercial Bank of China's offer to buy 80% of Bank of East Asia's US unit for $140 million, it should win regulatory approval.

One of Singapore’s most seasoned borrowers, Temasek issues its first sterling-denominated bond, while BEA closes off last week with a $150 million tap of its recently issued 2020 subordinated debt.

In parallel deals, China's largest bank agrees to buy Bank of East Asia's Canada business and relinquishes control of ICEA Finance.