• SGX names Luk new head of fixed income sales

    Singapore Exchange (SGX) announced on Monday the appointment of Michael Luk as the new head of fixed income origination and sales.

    05 Dec 2016

  • Intas $767m dual currency deal enters senior

    A dual currency acquisition financing for Indian company Intas Pharmaceuticals’ purchase of a portfolio of assets in the UK and Ireland, was launched into senior syndication last week. The trade offers banks two titles, including that of mandated lead arranger and bookrunner.

    05 Dec 2016

  • China Minsheng Bank preps investors for debut AT1

    China Minsheng Banking Corp is looking to sell its inaugural Basel III bank capital offering, having picked banks to prepare a dollar-denominated additional tier one (AT1) bond.

    05 Dec 2016

  • Zhenjiang Transport eyes dollars as LGFVs mandate

    Asia ex-Japan debt capital markets had a quiet opening on Monday, with a sole Chinese local government financing vehicle (LGFV) out for dollar funding. On the same day, another two LGFVs announced mandates.

    05 Dec 2016

  • Fashionably late: MoF to price second 2016 RMB auction this week

    Despite a slight delay to its usual schedule, the Chinese Ministry of Finance (MoF) announced it will be auctioning Rmb10bn ($1.44bn) in the second batch of offshore renminbi (CNH) bonds in Hong Kong on December 8.

    05 Dec 2016

  • This week in renminbi: December 5, 2016

    The week begins with the long-awaited launch of the Shenzhen-Hong Kong Stock Connect, while in the foreign exchange (FX) markets the RMB volatility led to a new record in RMB futures traded on the Singapore Exchange in November.

    05 Dec 2016

  • GlobalCapital Asia regional capital markets awards 2016, Part II: Equity

    In the second part of our 2016 awards, we present the winners for Best Equity-Linked Deal, Best IPO, Best Follow-on/ABB and Best Equity House.

    04 Dec 2016

  • GlobalCapital Asia regional capital markets awards 2016, Part I: Loans

    In the first instalment of our 2016 awards, we present the winners for Best Leveraged/Acquisition Finance, Best Investment Grade Syndicated Loan, Best High Yield Syndicated Loan and Best Loans House.

    04 Dec 2016

  • All eyes on consolidation, funding diversification at MPL confab

    Platform consolidation and diversification of funds were the dominant themes at IMN’s second annual Investors' Conference on Marketplace Lending in New York on Thursday, as the industry adapts to changes in both the macroeconomic and regulatory environments.

    02 Dec 2016

  • Tanker derivatives body hoists wet chairman

    The Tanker FFA Brokers Association has elected a new chairman.

    02 Dec 2016

  • Austrian gas co moves contracts to boost trading

    Austria’s Central European Gas Hub has moved its exchange spot and futures contracts over to the PEGAS pan-European platform managed by Powernext.

    02 Dec 2016

  • Secondary pricing table: featuring KfW's $1.5bn green bond

    Trading levels given are bid-side spreads versus mid-swaps and/or an underlying benchmark as of Thursday's close. The source for secondary trading levels is Interactive Data.

    02 Dec 2016

  • Laird launches £185m rights issue to cut debt via JPM

    Shares in Laird, the UK supplier of mobile phone parts to Apple and Samsung, fell by as much as 18% on Friday morning after it announced its intention to launch a £185m rights issue to reduce its leverage after a profit warning in October.

    02 Dec 2016

  • Funding scorecard: European supranationals and agencies

    This week's funding scorecard looks at the progress European supranationals and agencies have made with their funding programmes.

    02 Dec 2016

  • French M&A to add to levloans

    Two further French M&A loan deals are lined up to join the leveraged loan market, with sponsors finding the post-US election leveraged loan market increasingly accommodating.

    02 Dec 2016

  • Covered bond issuers eye front loading opportunities

    Covered bond issuers and investors are readying themselves for political volatility in 2017 that will create patchy windows of market activity, according to panellists at the Afme/VDP covered bond conference in Berlin.

    02 Dec 2016

  • ECB defends higher repo costs for extendable maturity covered bonds

    European Central Bank director general of market operations Ulrich Bindseil, said the central bank’s decision to raise repo haircuts for covered bonds with extendable maturities was purely for risk management purposes and should not be interpreted as a judgemental view of the structures.

    02 Dec 2016

  • HY opens December pricing euros and sterling after two week hiatus

    Catalent Pharma and Thomas Cook — a reverse Yankee issuer and a UK holidays operator — on Thursday released guidance for high yield deals amounting some €900m in a market that has been mute since November 15.

    02 Dec 2016

  • HSBC shuffles syndicate as Gardiner switches to DCM

    HSBC has announced a series of changes to its DCM and syndicate teams, including Rob Gardiner's move from FIG syndicate to origination.

    02 Dec 2016

  • Indonesia snatches $3bn as first post-Trump EM sovereign

    The Republic of Indonesia reopened G3 emerging market sovereign bonds printing the first deal since the US election, and raising $3bn in a triple tranche transaction Thursday.

    02 Dec 2016

  • VietJet launches $194m domestic IPO

    Low-cost airline VietJet Aviation has kicked off the roadshow for its IPO, in search of demand for a deal that could raise up to D4.4tr ($194.0m).

    02 Dec 2016

  • Ronshine China snaps up $175m from HY bond

    Ronshine China Holdings priced its inaugural offshore bond against a volatile market backdrop and concern around its sector. The borrower still managed to raise $175m from the offering thanks to the presence of anchor orders.

    02 Dec 2016

  • MAS rebukes banks, Goldman banker over 1MDB breaches

    The Monetary Authority of Singapore (MAS) has fined two more banks and sanctioned a former Goldman Sachs executive for breaches related to the disgraced Malaysian sovereign wealth fund 1MDB.

    02 Dec 2016

  • RMB round-up: Trade settlement loses ground, RQFII adds Thai first, Shenzhen Connect stocks

    In this round, up, cross-border RMB trade settlement falls further in Hong Kong, the RMB qualified foreign institutional investor (RQFII) scheme adds the first Thai asset manager, and the Hong Kong Exchange confirms the final list of stocks available through Shenzhen Connect from December 5. Plus, a recap of our weekly coverage.

    02 Dec 2016

  • Tewoo Group picks banks for roadshow

    Tewoo Group Co, also known as Tianjin Material & Equipment Group Corporation, is planning a return to the offshore bond market, having picked two firms to arrange roadshow next week.

    02 Dec 2016

  • Citic Resources completes $310m self-arranged loan

    Citic Resources Holdings signed a $310m three year self-arranged term loan on Thursday, with five banks joining the trade.

    02 Dec 2016

  • Elektra to prepay debt as Lat Am drought extends

    Latin American issuers again showed no interest in cross-border new issue markets this week as Mexican retailer and financial services company Grupo Elektra said it would use domestic bonds to prepay dollar bonds.

    01 Dec 2016

  • Renzi’s tantrum is a made-up crisis — fear Austria

    Markets are obsessing about the Italian referendum on Sunday. Commentators are cramming everyone’s inboxes with warnings about how a 'no' vote on premier Matteo Renzi’s attempt to streamline Italy’s Senate could precipitate a fresh eurozone crisis and imperil Italy’s creaking banks.

    01 Dec 2016

  • Online lenders should get used to hiccups, diversify funding - panel

    Industry players speaking at the IMN Investors' Conference on Marketplace Lending in New York on Thursday noted that marketplace lenders need to understand the importance of both diversifying sources of funding, and the cyclical nature of the capital markets.

    01 Dec 2016

  • Suzano brings green bonds to Brazilian market

    Pulp and paper producer Suzano has sold its second green bond and the first in Brazil’s domestic markets.

    01 Dec 2016

  • Honesty is the way forward for PDVSA and Venezuela

    PDVSA is doing itself no favours by bending the truth about its financial situation. Bondholders are under no illusions about its troubles, so the company might as well be open with them.

    01 Dec 2016

  • Rich block menu with Ascential, Playtech, MTN before Italy vote

    The busy equity block trade action in Europe since the US election has continued into its third week, though market participants are beginning to brace for the outcome of the Italian referendum on Sunday.

    01 Dec 2016

  • Egyptian loans press on despite currency woes

    Though Egypt is reeling from the central bank’s action to float its currency last month two Egyptian borrowers are in the market for hard currency loans this week, but unsecured corporate loans will be slower to come, said bankers.

    01 Dec 2016

  • The LMA marks 20 year history and prepares for next test

    Now in its 20th year, the Loan Market Association (LMA) faces tough paths to climb such as navigating the UK’s exit from the European Union, but the organisation is confident that its English law documentation will still hold its own.

    01 Dec 2016

  • UK DMO GBP2.25bn 0.125% Nov 56 linker

    01 Dec 2016

  • South Africa faces another day of ratings jitters ahead of S&P decision

    Holders of South African assets face another nervous Friday waiting for a sovereign rating decision, this time from S&P.

    01 Dec 2016

  • Rentenbank USD1.5bn 2% Nov 21

    01 Dec 2016

  • Bonds braced for Italy referendum fallout

    As if Trump and Brexit were not enough for one year, the latest bout of volatility originating from the political sphere could be triggered this Sunday as Italy heads to the polls to vote on proposed constitutional changes and Austria selects a new president — for which Norbert Hofer, a member of the far-right Freedom party, is in the running.

    01 Dec 2016

  • MTN Leak: Deep fried Leak

    There was a thoroughly Scottish affair going down in the MTN and CP world this week, as Royal Bank of Scotland invited a pair of Scottish Leak journalists to Scottish restaurant Boisdale on the Day of St Andrew, the patron saint of Scotland.

    01 Dec 2016

  • Italian referendum but one of many risks for corporate bond players

    Corporate bond investors are not taking Sunday’s Italian constitutional referendum lightly, but their minds are much more heavily focused on the European Central Bank’s meeting four days later.

    01 Dec 2016

  • People Moves in Brief

    Santander hires for UK levfin — SG promotes in ECM — Rothschild starts up in US debt advisory

    01 Dec 2016

  • Flying start in dollars ahead of Fed

    A trio of Wall Street heavy-hitters plundered the dollar market as December got off to a flyer in the countdown to year end and a probable rate rise.

    01 Dec 2016

  • Loans, news in brief — December 1, 2016

    NBAD — Arqiva — BAM — Priory Group

    01 Dec 2016

  • Nordic ECM bankers hope 2017 can match fireworks of 2016

    In a volatile year for European equity capital markets, with issuance down sharply, the Nordic region has been a bright spot, enjoying its second biggest ever year for issuance. Bankers believe that momentum will carry into 2017.

    01 Dec 2016

  • Analog grabs M&A funding amid quieter market

    Analog Devices was the stand-out issuer in the dollar market this week, wrapping up M&A-related financing as funding conditions remained positive in the run in to year end.

    01 Dec 2016

  • US CMBS outlook mixed, with market share a top issue

    Issuance of US CMBS in 2016 is projected to be down roughly 30% year-over-year, with the outlook for renewed growth mixed as the market eyes threats to CMBS as a source of commercial real estate (CRE) debt capital.

    01 Dec 2016

  • Alberta, Rentenbank drive 2016's last hurrah in dollars

    A pair of public sector borrowers hit screens this week for dollar syndications, providing an unexpectedly strong climax to 2016.

    01 Dec 2016

  • CETIN EUR625m 1.423% Dec 21

    01 Dec 2016

  • Continental AG EUR600 0% Feb 20

    01 Dec 2016

  • Telekom Austria EUR500m 1.5% Dec 26

    01 Dec 2016

  • EC unveils last piece of MiFID II puzzle

    The European Commission proposed two delegated acts on Wednesday, finalising the regulatory framework of the Markets in Financial Instruments Directive, set to enter in force in January 2018.

    01 Dec 2016

  • Islamic Development Bank USD1.25bn 2.263% Dec 21 sukuk

    01 Dec 2016

  • Marks & Spencer GBP300m 3% Dec 23

    01 Dec 2016

  • Euro PP market can rebuild

    The Euro PP market needs to act fast to stop bank lending luring smaller companies away. But a few tweaks is all it needs.

    01 Dec 2016

  • Opec fuels further rampant linker bid in SSAs

    Rising inflation expectations, as governments switch their focus to fiscal stimulus and central banks move away from extremely loose monetary policy, are boosting demand for inflation linked bonds. Opec’s agreement this week to cut oil production pushed demand even higher. But there are question marks over whether issuers will adapt their funding menus to satisfy the new appetite, writes Craig McGlashan.

    01 Dec 2016

  • More pain expected as global investors slash exposure to EM bonds

    Global investors in November slashed their exposure to emerging market bonds at a rate not seen since the taper tantrum, according to the Institute of International Finance, and more pain is expected as the market continues to adjust to a period of uncertainty in both US Treasury yields and US policy.

    01 Dec 2016

  • Tough talks ahead for regulators as CCPs investigate recovery rules

    Clearing houses, lawyers and derivatives specialists have spent this week poring over Europe’s proposed rules for central counterparty recovery and resolution, with question marks still hanging over how each case will be assessed and how banks should capitalise their exposures.

    01 Dec 2016

  • Turkish bank loans trade wide on FX worries, syndicates to shrink

    The latest loan refinancings for Garanti and QNB Finansbank were trading at a higher level than previous newly issued Turkish bank loans this week, showing how concerns about the weakening lira have driven up pricing. Meanwhile smaller syndicates for Turkish bank loans will be the new normal, according to Garanti's head of financial institutions.

    01 Dec 2016

  • Levloans eats high yield's lunch as floaters triumph

    Issuance in the European leveraged finance market has been one-sided since the shock result of the US election last month. A notable bond-to-loan trend has prevailed, with sponsor-driven single-B issuance making the loan market increasingly hot, while leaving the high yield market out in the cold. Max Bower reports.

    01 Dec 2016

  • FIG issuers braced for volatility following Italy referendum on Senate

    A No vote in Italy’s referendum on constitutional reform will rock already struggling Italian bank debt spreads, but FIG market participants are prepared to weather any volatility as they wait for the opportunity to lock up investors’ remaining cash this year.

    01 Dec 2016

  • Glencore to buy back $1bn of bonds after $4.7bn windfall

    Glencore launched a cash tender offer on Thursday, hoping to buy back $1bn of dollar bonds, after raising $4.7bn from asset sales in the past few weeks.

    01 Dec 2016

  • DNA ends flat on debut after €413m IPO

    DNA, one of Finland’s largest telecommunications companies, closed at €10.10 on its stock exchange debut on Thursday, after pricing its €413m IPO in the lower middle of its range.

    01 Dec 2016

  • HeidelbergCement pulls in a €4.6bn book

    German building materials manufacturer HeidelbergCement capped a month of good rating agency news with a blowout order book as it tapped the euro bond market for €1bn on Monday.

    01 Dec 2016

  • AllianzGI acquires Sound Harbor

    German investment giant Allianz Global Investors has bought US alternative investment manager Sound Harbor Partners for an undisclosed sum.

    01 Dec 2016

  • Margerin leaves Nomura’s MTN desk

    Jérôme Margerin has left the MTN desk at Nomura, where he has worked for more than two years.

    01 Dec 2016

  • End in sight for MPS’s crucial debt swap

    Market participants are nervously awaiting the results of Banca Monte dei Paschi di Siena’s debt-for-equity swap, which could derail the Italian lender’s ambitious rescue plan — notwithstanding any potential volatility following the country’s referendum on Sunday.

    01 Dec 2016

  • Morgan Stanley EUR1.25bn Dec 19 FRN

    01 Dec 2016

  • Distiller Arcus tempts buyers as Nkr1.7bn Oslo IPO prices well

    Arcus, the Norwegian distiller owned by private equity group Ratos, made its debut on the Nasdaq Oslo on Thursday after its Nkr1.7bn (€196m) IPO that was multiple times covered.

    01 Dec 2016

  • Aegon EUR500m 1% Dec 23

    01 Dec 2016

  • Barclays EUR1bn 1.875% Dec 23

    01 Dec 2016

  • Morgan Stanley EUR1bn 1% Dec 22

    01 Dec 2016

  • Financials premium persists as Italy ref and ECB hold sway

    Pressure mounted on Italian sovereign bonds and credit default swaps this week, as rumours of increased European Central Bank support were quickly dampened and traders positioned for a 'No' vote in this weekend’s referendum.

    01 Dec 2016

  • KBN raises A$40m after finding additional Kanga demand

    Kommunalbanken raised A$40m ($29.7m) from an Australian dollar tap on Tuesday after sole-arranger Daiwa found two more Japanese life insurers to take an earlier reverse enquiry above the Norwegian agency's minimum size of A$30m.

    01 Dec 2016

  • Credit Suisse’s trading loss bond slashed RWAs

    Credit Suisse’s catastrophe bond protecting the bank from its own operational risk losses cut more than Sfr1bn from risk-weighted assets in the bank’s Global Markets unit, following an improvement in regulatory treatment. But the Basel Committee looks set to close off this route to cutting capital costs.

    01 Dec 2016

  • Alberta breaks dollar record as Opec deal bolsters oil price

    The Canadian province of Alberta sold on Thursday its largest ever dollar benchmark with a deal that benefitted from a double whammy of being its first as an SEC-registered issuer and a strong credit story for the oil producer following a rise in the commodity's price in the wake of Opec’s decision on Wednesday to cut production.

    01 Dec 2016

  • Small biz regs, data top list of MPL concerns — keynote

    Antonio Weiss, counsellor to the secretary of the US Treasury Department, told marketplace lending participants in a Thursday conference keynote speech that highlighting regulatory gaps in borrower protection and issues around underwriting data were areas of focus for regulators.

    01 Dec 2016

  • Barclays hits up holdco after stress test miss

    Barclays was looking to sell seven year senior debt from its holding company on Thursday, with the trade unaffected by the lender’s weak performance this week in the Bank of England’s 2016 stress test.

    01 Dec 2016

  • US mortgage finance to come under pressure in 2017

    The normalisation of interest rate policy in the US will tighten the screws on mortgage lending in 2017.

    01 Dec 2016

  • Moody’s dips United Biscuits’ ratings into single-B zone

    The UK's United Biscuits is now rated B1 after a one notch downgrade by Moody’s on Thursday.

    01 Dec 2016

  • 12 things every CFO should know about Equity Capital Markets

    Macro and political headwinds make investors nervous. Uncertain market conditions have created a tough environment for anyone seeking to conduct an equity flotation or rights issue in Europe. Some recent high profile cancellations of equity transactions can also be attributed to poor planning or unrealistic expectations. So here are my thoughts on how a CFO can help keep an equity transaction on track — and more generally, keep a company’s shareholders on board.

    01 Dec 2016

  • Glencore dividend marks full CDS reversal

    When a company announces that it is increasing the amount paid out to shareholders, it is not typically greeted with enthusiasm by credit investors. But Glencore is no ordinary company in the credit default swap world, and its announcement on Thursday wasn’t a standard change in financial policy.

    01 Dec 2016

  • SSAs look to MTNs to wind up 2016

    SSAs are turning to the MTN market to meet investor requests and to pick up some pre-funding in December, with the bulk of their funding needs for the year completed.

    01 Dec 2016

  • Knorr Bremse returns after 14 years

    German brake systems manufacturer Knorr Bremse has returned to the euro bond market nearly 14 years after it last sold a new issue to investors.

    01 Dec 2016

  • Rothschild hires Speller to launch US debt advisory

    Rothschild has hired Michael Speller as head of debt advisory in North America, part of the firm's plan to expand the business to the region.

    01 Dec 2016

  • BAM trims €417.5m loan after CB success

    Dutch construction company Royal BAM Group has refinanced a €417.5m revolving credit facility due to mature in 2018, with a smaller loan of €400m with tighter pricing, after printing a €125m convertible bond in June.

    01 Dec 2016

  • Supply vacuum draws foreign issuers to beef up sterling mart

    As the UK’s banks and building societies retreat from public wholesale funding markets, opportunistic overseas covered bond and RMBS issuers are piling into the sterling market to take advantage of pent up demand, write Bill Thornhill and David Bell.

    01 Dec 2016

  • NAB finds cheaper covered funding in dollars

    National Australia Bank on Wednesday issued its second dollar benchmark of the year and managed to fund it at a tighter level than it could have hoped for in euros. However, the more conspicuous funding advantage for borrowers lies in sterling covered bonds.

    01 Dec 2016

  • Covered bond regulation depends on the regulator

    The European Central Bank, the European Commission and the European Banking Authority are pulling in different directions when it comes to covered bonds with extendible maturity structures. Time for a bit of harmonisation.

    01 Dec 2016

  • Swedbank befriends new sterling trend

    Swedbank became the third non-UK issuer to launch a sterling covered bond since September with a rare five year offer on Wednesday.

    01 Dec 2016

  • RBC’s capital markets earnings slump

    Royal Bank of Canada’s capital markets division dragged on the bank’s fourth quarter results, posting a 13% year on year decline in profits.

    01 Dec 2016

  • OPEC decision underwhelms EM watchers

    EM bankers and investors were on Thursday underwhelmed by the Organisation of the Petroleum Exporting Countries' (OPEC) agreement to cut oil production for the first time in nearly eight years. But they said it was a positive that the price of Brent crude oil had seemingly found a floor.

    01 Dec 2016

  • Dollar covered bonds give pricing advantage to euros for NAB

    National Australia Bank issued its second dollar benchmark of the year and managed to fund at a slightly tighter level than it could have hoped for in euros. However, the more conspicuous funding advantage is in sterling covered bonds

    01 Dec 2016

  • The FIG Idea: stress to impress

    On the surface, stress tests seem arcane and disconnected from reality. Perhaps they are, but they’re an increasingly important tool for bank regulators around the world.

    01 Dec 2016

  • Suzano sells first domestic Brazilian green bond

    Pulp and paper producer Suzano has sold its second green bond and the first in Brazil’s domestic markets.

    01 Dec 2016

  • Garanti shrunken syndicate sets tone for Turkey FIs

    Garanti saw the syndicate for its latest one year loan shrink by five lenders. Other Turkish banks will have to take note as smaller lending groups are set to become a feature of their borrowing, according to the head of financial institutions at the bank.

    01 Dec 2016

  • MRH tightens loan on busy commitments day

    Service station operator MRH tightened guidance on its £250m sterling term loan this week, with commitments on the deal due alongside several others on Thursday.

    01 Dec 2016

  • Aegon returns to senior to lock in tight funding

    Aegon was marketing a seven year senior bond on Thursday, joining a host of insurers taking advantage of tight funding levels to refinance at attractive costs.

    01 Dec 2016

  • Reinvigorated Mediobanca targets European expansion

    Italy’s Mediobanca is adapting its approach and preparing for European expansion, following a hiring spree in its corporate finance division, writes David Rothnie.

    01 Dec 2016

  • Sibur launches bond buy-back

    Russian gas processing and petrochemicals company Sibur is offering to buy back for cash some of its dollar bonds maturing January 2018, the company announced on Thursday.

    01 Dec 2016

  • Lifestyle eyes loan amid downgrade concerns

    Lifestyle International, which operates the Sogo department stores, is believed to be talking to relationship banks for a loan related to its acquisition of a plot of land in Hong Kong. But the company’s downgrade by Fitch and the possibility of similar action by Moody’s could make things harder at the negotiating table, writes Shruti Chaturvedi.

    01 Dec 2016

  • Swipe right to invest, or left to ignore

    I’ve long been suspicious of how much time bankers these days spend on their phones, but I’ve always given them the benefit of the doubt. It’s a 24-seven world now, after all. But a recent episode made me think I may have given bankers too much credit.

    01 Dec 2016

  • IIF: Investor flight from EM at levels not seen since taper tantrum

    Global investors slashed their exposure to emerging market bonds by more than $16bn last month as the election of Donald Trump as US president exacerbated concerns about rising dollar interest rates, according to the Institute of International Finance.

    01 Dec 2016

  • ChemChina takes on euro debt to refi loan

    Chinese companies have aggressively expanded into Europe this year, snapping up businesses and expanding their footprint. While loans are still the go-to funding tool and often get the bulk of the refinancing, as this week’s China National Chemical Corp transaction shows, the bridge-to bond route is becoming more popular. Morgan Davis and Addison Gong report.

    01 Dec 2016

  • M&A financing fillip amid China's fresh capital curbs

    China put the brakes on capital outflows again this week, taking aim at both large and small scale transactions amid a falling renminbi. Market participants are digesting the impact of the new curbs, as yet unconfirmed, but some thought that they could weed out dodgy deals and raise the quality of M&A financing. John Loh and Shruti Chaturvedi report.

    01 Dec 2016

  • Chinese duo end busy day with $900m bonds

    China’s Shougang Corp and ABC International were among the mix of five bond offerings by Asian issuers on Wednesday in the offshore bond market.

    01 Dec 2016

  • Shinhan pays up in second tier two dollar deal of year

    South Korea's Shinhan Bank raised $500m on Wednesday, to match its March tier two dollar deal in size, but was forced to pay up to make it happen.

    01 Dec 2016

  • Shenzhen Connect gets equal tax footing with Shanghai

    Hong Kong and overseas investors will be exempted from capital gains tax when they trade A-shares via the upcoming Shenzhen-HK Stock Connect, in-line with what is already in place for Shanghai Connect.

    01 Dec 2016

  • China hits the panic button with capital flow restrictions

    People’s Bank of China is returning to its old habits of sending out window guidance to banks in yet another attempt to stem capital outflows, with the latest measures targeting cross-border M&A and offshore RMB loans.

    01 Dec 2016

  • Khazanah pockets Rp5.5bn from IDFC sell-down

    Malaysia’s sovereign wealth fund Khazanah Nasional has raised Rp5.5bn ($80.4m) after offloading its entire stake in India’s IDFC Bank.

    01 Dec 2016

  • Enerchina Holdings targets HK$942m via rights issue

    Financial services firm Enerchina Holdings is planning a rights issue with a view to raising up to HK$941.6m ($121.4m).

    01 Dec 2016

  • Indonesia forms December habit as triple trancher launches

    The Republic of Indonesia popped into the market Thursday morning, kicking off December with a new triple tranche dollar deal, the second year in a row it has hit the bond market in the last month of the year.

    01 Dec 2016

  • Ronshine China rolls out debut with anchors

    Ronshine China Holdings started taking orders for its inaugural international bond on Thursday. The deal was announced with substantial anchor orders following the roadshow, said bankers.

    01 Dec 2016

  • Pandas and dim sum: A year of diverging fortunes

    Panda and dim sum bonds are set to end 2016 with different outcomes with the former gaining plenty of traction as the latter suffers from a dire lack of appetite, according to GlobalRMB data.

    01 Dec 2016

  • Sam joins BTMU in senior event finance role

    Bank of Tokyo-Mitsubishi UFJ (BTMU) has named Vivian Sam as assistant general manager of event finance at its Asian investment banking division (AIBD), in a new role for the former Citi acquisition finance banker.

    01 Dec 2016

All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 350,314.87 1563 8.64%
2 Citi 331,807.46 1234 8.18%
3 Bank of America Merrill Lynch 294,072.11 1065 7.25%
4 Barclays 288,574.83 960 7.12%
5 HSBC 246,960.17 1012 6.09%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 29 Nov 2016
1 JPMorgan 41,457.25 68 7.46%
2 HSBC 35,073.34 130 6.31%
3 BNP Paribas 33,854.75 157 6.09%
4 UniCredit 33,033.86 153 5.94%
5 ING 23,664.97 130 4.26%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 29 Nov 2016
1 JPMorgan 17,674.88 93 10.70%
2 Goldman Sachs 14,180.33 72 8.59%
3 Bank of America Merrill Lynch 11,109.11 48 6.73%
4 Morgan Stanley 10,679.86 56 6.47%
5 UBS 9,841.05 49 5.96%