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Brazil’s Globo To Mkt $250M Bond In Asia From Monday

Brazil's Globo To Mkt $250M Bond In Asia From Monday Brazilian media group Globo Comunicacao e Participacoes (GLP.YY) is set to market a US$250 million perpetual bond from April 3 in Asia, a person familiar with the deal said Thursday. Roadshows for the deal, callable after three years, will kick off in Hong Kong April 3, then move to Singapore April 4, Zurich April 5 and Lisbon April 6, the person said. The bond offering is being lead managed by Deutsche Bank AG and Goldman Sachs and is one of a stream of perpetual bond deals targeted at Asian investors. More:

Asia Needs More Bond Funds to Finance Development, Nor Says

Asia Needs More Bond Funds to Finance Development, Nor Says Asia needs to create more regional bond funds to tap its high savings and fund economic development, Malaysias Second Finance Minister Nor Mohamed Yakcop said. A bigger and deeper regional bond market and integration of the regions financial systems must be achieved before countries can consider forming a single Asian currency, he said. To have a bond fund mechanism which can be utilized to fruitfully and constructively develop this region, particularly for infrastructure, would be a very good idea, Nor said in an interview. I certainly think there is a need

Hong Leong Asia sells metal container business for S$54.2m

Hong Leong Asia sells metal container business for S$54.2m Hong Leong Asia is selling off its metal container business in China for S$54.2 million. The sum includes the disposal of its equity interests in Rex Metal Packaging in Malaysia and Qingdao Rex Packaging. Hong Leong Asia expects a gain of S$5.5 million from the divestment. It says the sale represents an opportunity to exit from the business and focus its resources on other opportunities which have better growth prospects. It plans to use the proceeds to fund the expansion plans of its green-pallet business in GPac Technology. More: channelnewsasia.com

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

Good gains in Latin America, Asia

Good gains in Latin America, Asia Latin American bonds and Asian equities will give the highest returns in 2006, while US treasury yields are likely to decline, according to Deutsche Bank. ''Treasury bills will still be a good investment choice, but investment in [other] assets will enhance returns on one's portfolio,'' said Marshall Gittler, chief Asian strategist at Deutsche Bank. Interest-rate hikes by the Federal Reserve have reduced liquidity in the US financial market, resulting in an overpriced corporate bond market. Meanwhile, the credit standings of Argentina, Brazil and Venezuela have been improving, particularly with regards to the balance of payment