• Nochu Losses Pile Up, Asia AT1 Risks; Vedanta Recovery

  • Aug 29 2024
  • Length: 35 mins
  • Podcast

Nochu Losses Pile Up, Asia AT1 Risks; Vedanta Recovery

Listen for free

View show details

  • Summary

  • Norinchukin Bank faces significant losses from the sale of US and European sovereign bonds that tumbled as interest rates rose, and other financial institutions may also be exposed. “The bank is still losing more than a billion dollars a quarter,” says Bloomberg Intelligence senior credit analyst Pri de Silva, referring to the Japanese agricultural bank also known as Nochu. “They need to rip that band aid off and address negative carry in the securities portfolio,” de Silva tells Bloomberg News’ James Crombie in the latest Credit Edge podcast. De Silva also weighs the outlook for Asia’s Additional Tier 1 bond market, where risk premia are shrinking as supply evaporates. Also in this episode, Mary Ellen Olson, senior credit analyst at Bloomberg Intelligence, discusses the turnaround at India’s Vedanta, which may tap the US dollar bond market, as well as the impact of China’s economic slowdown on Asian miners.

    See omnystudio.com/listener for privacy information.
    Show More Show Less
Business & Careers Economics Personal Finance Politics & Government
Show More Show Less
activate_samplebutton_t1

What listeners say about Nochu Losses Pile Up, Asia AT1 Risks; Vedanta Recovery

Average customer ratings

Reviews - Please select the tabs below to change the source of reviews.

Audible.co.uk reviews

Amazon reviews
No Reviews are Available