synthetic

China SCE Property prices a Rmb2 billion synthetic offshore renminbi bond, while China South City opts for dollar funding with a $250 million bond.

Asian debt markets are off to a brisk start in January with the Philippine sovereign and Stats ChipPac launching deals yesterday and several Chinese high-yield issuers lining up to tap investors.

A synthetic offshore renminbi bond could appeal to a number of property issuers that have difficulty remitting funds back to the mainland.

Recent deal by Lehman Brothers and PCI Investment Management suggests arbitrage synthetics have a future in the region.

The bank successfully moves credit risk off balance sheet and improves its capital adequacy ratios.

The Singaporean bank seeks to move credit risk off its balance sheet to improve its capital ratios and prepare for Basel 2.

Entering its first derivative transaction with a financial institution, the government has completed a $220.4 million synthetic financing via HSBC.