Bonds in Asia appoints liquidator

After abortive rescue attempts, the bond trading portal appoints a liquidator.

Just as Asia's governments talk about the creation of a regional bond market, the demise of Asian local currency bond trading portal, Bonds in Asia provides a cautionary tale

KPMG has been appointed as liquidator after attempts to sell the business proved abortive This signals the end for a portal that was backed by shareholdings from some of Asia's biggest banks, including Citigroup, Deutsche and HSBC

The company stopped trading at the end of July and was actively seeking a buyer to rescue it, among what had clearly become a wrangle between many of its mostly bank shareholders The six main shareholders were: BNP Paribas, Citigroup, CSFB, Deutsche, HSBC, and HkEx

The exact reasons for...

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at [email protected], or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at [email protected], or +(852) 2122 5222