Trade Finance

ICBC sets up global 24-hr forex and precious metal trading system

ICBC London opened the service of currency trading quotes and FX trading on behalf of the head office in Beijing.

ICBC sets up global 24-hr forex and precious metal trading system

ICBC London opened the service of currency trading quotes and FX trading on behalf of the head office in Beijing.

HSBC, Barclays to advise VietinBank on overseas dollar bond sale

HSBC Holdings Plc (HSBA) and Barclays Bank Plc will advise Vietnam Joint Stock Commercial Bank for Industry & Trade on its planned $500 million...

Vietinbank to service $155M WB funded project

Vietinbank has been assigned by the State Bank of Vietnam to service hospital waste treatment support project funded by the World Bank.

SWIFT and ICC Banking Commission collaborate on enhancement of trade finance tools

They are set to sign a cooperation agreement that will enable the industry-wide adoption of the Bank Payment Obligation, which offers an alternative...

VietABank issuing C/Ds in gold

VietABank is issuing short-term certificate of deposits in gold with a total of 80,000 taels up to November 3, 2010.

Banks in Singapore warned against illegitimate funds

Singapore alerted banks from the risk of receiving assets of tax evaders or the proceeds of criminal activities.

Bladex picks Mizuho and Chang Hwa to arrange $165mn syndicated refinance

Mizuho has also arranged a number of other cross-border syndicated loans for its clients in the Americas last year.

SBI seen to suspend rights issue $654.16mn capital infusion

India was not in favour of fund raising via rights issue since it would entail additional expenditure for the government.

CCB targets raising $12.5bn in CNY bond sale

Borrowing costs for CNY denominated debt were “substantially lower” in Hong Kong than in China.

ANZ plans raising $786mn in convertible preference shares

The shares, considered tier 1 capital under Basel III reforms, are eyed to carry an annual margin of 3.1%-3.3%.

China gives nod to 5 foreign banks for bond market

PBOC allowed foreign institutions to trade in its interbank bond market to widen the channels for offshore Renminbi to flow back into China.

Muthoot Finance to expand in West Bengal from 50 to 100 branches

Muthoot Group will open 50 branches in West Bengal by March 2012.

Maybank offers $671.7mn subordinated notes

The notes were given a long term rating of AA1 by RAM Rating Services.

ICBC Macau offers precious metal trading

ICBC Macau drew the experience from domestic branches and launched the service of trading precious metal via accounts in order to meet the...

BPI subsidiary posts $14.9bn total assets under management

The company’s largest product in terms of valuation is mutual funds’ assets reached $1.08bn.

HSBC Amanah Inks MoU With ITFC

HSBC Amanah Malaysia Bhd tapped Islamic Development Bank's International Islamic Trade Finance Corporation's expertise to implement its Shariah...

Techcombank to serve $175M transport project

Techcombank has beedn assigned by the State Bank of Vietnam to serve the urban transport development project in Hai Phong City funded by World Bank.