Making cuts in Asia balanced by funding needs

European financial institutions that want access to Asian liquidity should think twice about cutting staff and closing desks in the region.

European banks and insurers are facing a difficult political balancing act looking to Asian markets to recapitalise their balance sheets, while at the same time paring back their operations in the region.

On Thursday, Zurich Insurance from Switzerland completed a highly successful $500 million perpetual, non-call-six hybrid bond deal that was sold 77% to Asian accounts. Most of the deal was placed with Asian private banking accounts and demand was such at $4 billion that...

To continue reading, please login or register for free

Click for more on: europe | financial institutions | funding

Print Edition

FinanceAsia Print Edition

CONFERENCES

  • Green Bonds Southeast Asia

    25 May 2017  |  Singapore
    With Green Bonds globally reaching USD200 billion outstanding in 2016, from as little as 30bn just 4 years ago, can SE Asia corporations and ...
  • 2nd Compliance Summit Southeast Asia

    17 August 2017  |  Singapore
    The 2017 Compliance Summit Southeast Asia will take an in-depth look at the key compliance considerations today with a focus on regulation and new ...