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Asia DCM bankers ready for Basel III bond rush 

September 8, 2014
Rob Hartley, Euromoney

Basel III will trigger a wave of bond deals in Asia; China and India to lead the way. Debt capital markets bankers in Asia are preparing for a rush of Basel III-compliant bond deals as banks look to meet international capital requirements. The majority of the business is expected to come from China and India as those countries’ banks look to strengthen their reputations among international policymakers and investors. "Now we are at the forefront of what is going to be the offshore issuance," says a DCM banker in Hong Kong. "The big strategic issuances are still ahead of us. You will see smaller issuers from India at the start who need to raise capital out of necessity. In China, I expect the big issuers to come first." The Basel III-related deals should start happening towards the end of September and throughout October, according to the banker, who is working on some deals himself.

Read more: Euromoney

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