The Asia Securities Industry and Financial Markets
Association (Asifma) has released its suggested model form on
disclosing rebates to private banks in bond offerings.
Issuers offer rebates to private banks as intermediaries to
encourage them to sell bond offerings to their high net worth
individual (HNWI) clients, although the savings cannot be
passed on to clients. Rebates can be $0.25 for every $100 in
bonds purchased, but some are more generous; this March,