Corporate

By Philip Ziter - Lawyer, Russin & Vecchi With banks lowering interest rates, retail investors have shown increased appetite for corporate bonds, which offer rates ranging from 10.1 to 11.2 per cent for bonds, with maturities ranging from 12 months to five years. With rates between 1.8 and 4 percentage points higher than deposit interest rates offered by major banks, the appeal to investors is clear. Thus, there is a growing trend of companies moving from taking on bank credit to issuing private placements of bonds – with issuances often amounting to several times the equity of the businesses. … [Read more...] about Government urges caution on corporate bond risks

“Low and falling government bonds yields can trigger a rush to add risk in order to lock in a higher level of yield. This is not bad in itself – as investors, we are paid a return in order for taking on a risk. However, not all risks are the same and some inevitably turn out to be landmines, especially when the economic cycle comes to an end,” noted Manpreet Gill, head of fixed income, currency, and commodity strategy at Standard Chartered Bank. … [Read more...] about Corporate bond activity welcome as market shocks persist unabated

Excluding bank bonds (which have low interest rates), the average interest rate in Q2 was 10.27 percent, nearly the same as the interest rate in H2 2019. This was attributed to the bank deposit interest rate reductions. Excluding bank bonds (which have low interest rates), the average interest rate in Q2 was 10.27 percent, nearly the same as the interest rate in H2 2019. This was attributed to the bank deposit interest rate reductions. … [Read more...] about Investors still pouring money into corporate bonds, despite warnings

Since the start of the year, Citi’s Treasury and Trade Solutions business in the Asia-Pacific has seen a significant acceleration in the adoption of its digital platforms and capabilities. Citi’s corporate mobile app user base has increased eight-fold on-year in the first half of this year, compared to the same period last year. … [Read more...] about Citi Vietnam named Best Corporate Digital Bank 2020 by Global Finance

Small and medium-sized enterprises (SMEs) that make no more than VND200 billion (US$8.6 million) in revenue in 2020 will benefit from a 30 percent corporate income tax cut for the year, according to a resolution adopted by the country’s lawmaking National Assembly on Friday. … [Read more...] about Vietnamese legislature ratifies 30% corporate income tax cut in 2020 for SMEs