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Central bank emboldens funds to move into India’s long bonds

Bloomberg The Reserve Bank of India (RBI) is making longer-tenor sovereign bonds attractive again. Quantum Mutual Fund has moved to the 10-14 year segment after staying in duration of up to three years in August in its 691 million rupees ($9.4 million) Dynamic Bond Fund. UTI Asset Management Co has turned overweight on bonds maturing in up to 15 years, ...

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Pandemic impacts AIIB lending, says bank’s president

Bloomberg The coronavirus pandemic has led to a slowdown in developing physical infrastructure as countries’ economic health deteriorates, posing a challenge for the Asian Infrastructure Investment Bank (AIIB), its president said. “What worries me, what worries the bank is the deterioration of the economic situation of some of our members,” Jin Liqun said in an interview with Bloomberg Television on ...

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Nomura seeks M&A bankers as Japan deals surge during virus

Bloomberg Nomura Holdings Inc is hiring bankers for its mergers and acquisitions business in Japan as a sharp rebound in domestic deal-making vaults the nation’s biggest securities firm to the top ranks of global advisers. “We’re recruiting people more eagerly than usual,” global M&A head Shunichi Tsunoda said in an interview. Consultations on local deals are up about 30% to ...

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