Indonesia’s bonds gained, pushing the 10-year yield to the lowest level since November, as global investors boosted holdings of debt denominated in the best- performing emerging-market currency this year.
Mizuho Bank Ltd., part of Japan’s third-largest lender by market value, is considering Australian commercial real estate projects as it seeks to top last year’s $2.5 billion of syndicated loans in the South Pacific nation.
UBS AG’s China securities unit, the leading foreign underwriter of debt sales in the country, says the market wants policy makers to allow the first onshore bond default to reduce long-term hazards to the financial system.
Five years ago Springleaf Holdings Inc. was losing more than $1 billion annually as the financial crisis crippled its business of lending to people with poor credit. Fighting off bankruptcy, it closed more than 200 branches and laid off about 800 employees in 2012.
Societe Generale SA, France’s second-largest bank, is seeking to boost lending in the Middle East as part of renewed expansion plans in the region after the sovereign debt crisis prompted it to scale back two years ago.