Asia Pacific Credit Biweekly: What we published over the last 2 weeks

Research evidence excerpt

Asia Pacific Credit Biweekly: What we published over the last 2 weeks

Accessible version

Asia Pacific Credit Biweekly

What we published over the last 2 weeks

Credit Analysis

Asian Credit Strategy 19 June 2026

Asian Credit Strategy: Asia credit weekly spotlight (week of 4 to 10 June) 11 June 2026 Global Emerging Markets | Corporate

Credit

Asian Credit Strategy: Asia credit weekly spotlight (week of 11 to 17 June) 17 June 2026 Pacific Rim

Asian Corporates Joyce Liang

India Credit Update: RBI push for PSU offshore borrowing may drive near-term supply ResearchMerrill LynchAnalyst(Singapore)

overhang <page 2 – Rachna Jain> +65 6678 0408

joyce.liang@bofa.com

India Credit Update: 2026 India Conference Takeaways for Credit Investors <page 3 – Sirius Chan

Rachna Jain> ResearchMerrill LynchAnalyst(Hong Kong)

sirius.chan@bofa.com

Non-Banks Financial Institutions – China: Cross-border financial services tightening:

Xiang Gao, CFA

Limited credit risk; prefer FWD over AIA <page 4 – Lefu Li> Research Analyst

Merrill Lynch (Singapore)

Woodside Finance Ltd: Woodside in focus as Exxon reportedly studying bids <pages 5-6 xiang.gao@bofa.com

– Xiang Gao> Yusuke Ikeda

Research Analyst

HDFC Bank Ltd.: New senior bond books attractive; higher call likelihood of HDFCB AT1 BofAS Japan yusuke.ikeda@bofa.com

<page 7 – Lefu Li> Rachna Jain, CFA

Australia Credit Bond: Initiating Australian rail freight: A$ AZJAU / PNHAU hybrids offer Merrill Lynch (Singapore)

the best value <page 8 – Xiang Gao> rachna.jain2@bofa.com

Lefu Li, CFA

Merrill Lynch (Hong Kong)

lefu.li@bofa.com

Suyang Lu

suyang.lu@bofa.com

Di Miao, CFA

dmiao@bofa.com

Jing Peng

jing.peng2@bofa.com

Asia Pacific Credit Rsch Grp

See Team Page for List of Analysts

See page 9 for Glossary