by Amruth Sundarkumar | Oct 5, 2022 | Banks, Hong Kong
Bank of East Asia’s (BEA) AT1 yields have risen to about 10-11%, its highest since the bonds were issued. This would imply that BEA’s AT1s are yielding 300-400bps wider than global bank perps as per Bloomberg Intelligence. The rise in its yields are largely driven by...
by Megha Malhotra | Aug 23, 2021 | China, Investment Grade Bonds
Hong Kong-based lender Bank of East Asia (BEA) reported a strong 75% jump in net profits for the first half ended June 30 to HKD 2.67bn ($343mn). The region’s largest independent and family-run bank attributed the strong earnings to declining impairment costs...
by bondevalue | Mar 25, 2021 | Hong Kong, Investment Grade Bonds
Hong Kong-based banking major Bank of East Asia (BEA) announced the sale of its life insurance unit to insurance giant AIA for HKD 5.07bn ($653mn). As per SCMP, the transaction is the result of a strategic review called for by activist shareholder Elliott Management,...
