Punjab National Bank taps leads for $770m placement

Punjab National Bank has hired six firms to lead a Rp50bn ($770m) qualified institutional placement, as the Indian lender looks to bolster its balance sheet.

  • By John Loh
  • 10 Nov 2017


The mandate went to Bank of America Merrill Lynch, Credit Suisse, Goldman Sachs, HSBC, Kotak Mahindra Capital and Morgan Stanley, said a banker close to the matter.

The move comes after PNB bumped up the size of its fundraising, which will go towards boosting its common equity ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.

Panda Bonds Top Arrangers

Rank Arranger Share % by Volume
1 Bank of China (BOC) 28.15
2 CITIC Securities 21.52
3 China CITIC Bank Corp 9.93
4 China Merchants Bank Co 9.38
5 Industrial and Commercial Bank of China (ICBC) 7.73

Bookrunners of Asia-Pac (ex-Japan) ECM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 CITIC Securities 13,827.70 78 5.89%
2 UBS 13,692.33 82 5.83%
3 Goldman Sachs 10,720.86 54 4.57%
4 Morgan Stanley 10,186.93 54 4.34%
5 China Securities Co Ltd 9,861.82 46 4.20%

Bookrunners of Asia Pacific (ex-Japan) G3 DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 32,532.75 218 8.25%
2 Citi 30,515.32 184 7.74%
3 JPMorgan 23,972.21 138 6.08%
4 Bank of America Merrill Lynch 20,655.77 107 5.24%
5 Standard Chartered Bank 16,284.80 123 4.13%

Asian polls & awards