Bank turmoil eases in Asia

Dollar-denominated Additional Tier-1 (AT1) bonds issued by Asia-Pacific banks have rebounded, reassuring investors unsure whether their money is safe following the collapse of Credit Suisse

Additional Tier-1 markets (value by region, US$)

Europe 16 largest banks $144.8bn
 
Asia- Pacific $46.0bn

Rest of world $69.2bn
 
$260bn

Mar 19: Wipeout of $17bn of Credit Suisse bonds sparks panic among Asian investors

Mar 22: 31 of 38 dollar bonds make recovery

Bank of Communications (China) UP 1.4 cents to 95.5 cents on US$

Nanyang Commercial Bank (Hong Kong) DOWN 0.4 cents to 94.5 cents on US$

Kookmin Bank (South Korea)
UP 0.8 cents to 94.1 cents on US$

Macquarie Bank (Australia) UP to 87.8 cents on US$

Asia-Pacific deposit insurance systems (per customer per bank, US$) 

Australia A$250,000   $167,000
Japan     Yen 10m  $76,000
China     Yuan 500,000  $73,000
Hong Kong  HK$500,000  $64,000
New Zealand*  NZ$100,000  $62,000
Singapore  S$75,001 $56,000
Malaysia  Ringgit 250,000 $56,000
South Korea  Won 50m $38,000
India INR500,000 $6,050


    
*New Zealand government in process of passin


Sources: Bloomberg, Edge Markets, Financial Times, Reuters Picture: Getty Images © GRAPHIC NEWS