TAIWAN: BEFORE THE OPEN, 19Jun2013

MOEA might allow in the foreign PE locusts; Taiwan might get observer status at international aviation body; NAND flash memory got some?; More suckers needed for domestic bonds; Truth in advertising; Kazam what?; Here’s what you need to know pre-open.

FSC proposes rule changes to lure foreign investors into bonds

The “three-free” rule changes have been proposed by the FSC. Free registration, freed from finding a custodian bank and tax agent are the three exemptions proposed.

TAIWAN: WEEK IN REVIEW, 15Jun2013

Some Philippine Coast Guard personnel are heading to court; 64% against Nuke 4; Taiwan SAR in 2014 or 2012?; Taiwan still using cart and buggy according to MSCI; China Steel enters the dash for trash; Foxconn’s toxic factories; Obama stands by Taiwan Relations Act; Here’s what you missed this week.

KOREA: BEFORE THE OPEN, 14Jun2013

Ssangyong and Lazarus are BFF; Talk talk talk; Pay up STX Offshore; No spots on the team for you STX Pan Ocean; Korea Investment & Securities learns about market risk; What does your favorite CEO get paid?; Here’s what you need to know pre-open.

Hey Korea Investment & Securities remember that thing called market risk?

The recent rise in rates has taken a W100bn chunk out of their PNL. Don’t blindly follow the Bernanke it can be bad for your health.

TAIWAN: BEFORE THE OPEN, 13Jun2013

Taiwan is still an emerging market; China Steel and the dash for trash; More HTC One Mini photos; Legislative Yuan convenes today; Corporate tax receipts down in Q1; More corrupt DPP officials; Here’s what you need to know pre-open.

Dash for trash: China Steel to issue NT$20bn 15yr unsecured bonds

 

The company wants to take advantage of the low interest rate environment. The part that scares me is the unsecured part, does China Steel have no more unencumbered assets? The proceeds will be used to pay down debt and investment.

China Will Offer 23 Billion Yuan of Bonds in Hong Kong This Year

The Finance Ministry will offer 13 billion yuan of bonds June 26 and 10 billion yuan more in the second half, the Beijing-based ministry said on its website today. The issuance offers bonds with a 30-year tenor to institutional investors for the first time, Hong Kong Financial SecretaryJohn Tsang said. Read More, Bloomberg

Dim Sum Bond ETFs to be approved shortly by SFC

Possibility of a listing this month.

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Details of HK’s iBond

Bond subscription period June 4-9th

Bonds issues June 14, and listed June 25

Face value of HK$10,000

Maturity of 3 years

Semi-annual coupons

Interest will index local inflation and no less than 1%

HK Headlines