Asia News

Related Travel Information

Hong Leong Asia To Issue S$50M 1Y Bonds At 3.885% -Source

Hong Leong Asia To Issue S$50M 1Y Bonds At 3.885% -Source Hong Leong Asia To Issue S$50M 1Y Bonds At 3.885% -Source SINGAPORE (Dow Jones)--Singapores Hong Leong Asia (H22.SG) plans to issue a S$50 million one-year fixed-rated bond at 3.885% next month, a source close to the deal said Monday. Institutional investors have already taken up the bond issue, which will be issued May 16, the source said. Standard Chartered Singapore is the lead manager for the transaction. Hong Leong Asia is the manufacturing arm of Hong Leong Group, a conglomerates with about 510 companies, including nine listed companies. More: sg.biz.yahoo.com

Asia-US container traffic surges

Asia-US container traffic surges TRADE between Asia and the US grew at a remarkable pace in the first five months of this year. Recent shipping statistics reveal that the volume of container traffic Box (East and Westbound) between this sector totalled 7.14 million TEUs (20-foot equivalent units) in the January-May period of this year. Eastbound cargo movement from Asia to the US was 5.21 million TEUs in the first five months. The cargo movements from and to China, including Hong Kong continued to increase steadily and accounted for 72 per cent of the eastbound shipment made up of housing-related materials, yarn, fibre

COMMODITIES-Base metals, gold extend losses in Asia

COMMODITIES-Base metals, gold extend losses in Asia Global base metal and gold markets extended their losses on Thursday as big investment funds continued to shy away from the once roaring bull markets as concern mounts about rising interest rates and metal supplies. Analysts said interest rates hikes in the United States and other countries could choke growth and any drop off in metal demand would cap chances of an early recovery in prices. "We have possibly seen the all-time high and it might take some time to get back to the same levels again," said David Thurtell, an analyst with the

HK Bk Of E Asia Sells Upsized $500M Bond For Refinancing

HK Bk Of E Asia Sells Upsized $500M Bond For Refinancing The Bank of East Asia Friday raised a larger-than-anticipated $500 million from what will be one of the last international high-grade bonds in Asia this year. The borrower, Hong Kong's largest domestically owned bank, sold the subordinated bonds at a price of 99.725 to yield 72basis points over mid-swaps. That was in line with revised guidance of 70-75 basis points over five-year mid swaps, or around 122-127 basis points over U.S. government debt. The borrower originally planned to raise $400 million at a premium of around 65 basis points

Container lines to raise prices on Asia-U.S. route

Container lines to raise prices on Asia-U.S. route Shipping lines serving the busy route from Asia to North America will further increase the price of container shipments to the U.S. East Coast in the upcoming peak season to cover higher costs. The Transatlantic Stabilization Agreement carrier group said in a statement that its member lines would raise a planned peak season surcharge of $400 per 40-foot container from Asia to the U.S. East Coast and U.S. Gulf Coast to $500 effective July 15 and to $600 from Aug. 15 until Nov. 15. The increased charge will apply to all containers moved through the