RMB Roundup - April 11

In this round up of recent offshore renminbi news, China opens the door to cross-border trade settlement in Singapore, AUD-CNY direct trading begins and Taiwanese banks permitted to offer renminbi services on the Mainland.

  • 11 Apr 2013
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· The People’s Bank of China (PBoC) announced April 2 that it had signed an agreement with ICBC’s Singapore Branch to allow the lender to become an agency bank and clearing bank model that provides cross-border RMB trade settlements in the city state.

· China allowed direct trading between the renminbi and Australia dollar on Wednesday (April 10). This makes the AUD the third currency to have direct trading with the US dollar and Japanese yen

· Standard Chartered RMB Globalisation Index (RGI) reached a new high of 841 in February, up 4% from 809 in January.

· The Shanghai branches of two Taiwanese banks have been given permission to conduct wholesale renminbi business on the Mainland. Cathay United Bank and First Commercial Bank have recently will be allowed to take deposits and extend loans though they will be restricted to offering these services to business customers.

· HSBC and Bank of Communications have signed a memorandum of understating to cooperate on cross border RMB business. Under the MOU, HSBC and BoCom will fully collaborate on cross-border RMB business including trade finance, remittance, lending, offshore investment and finance, asset custody and fund management, retail banking, cash management and capital markets business.

  • 11 Apr 2013

Bookrunners of International Emerging Market DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 24 Apr 2017
1 Citi 23,438.27 103 9.46%
2 JPMorgan 22,204.62 91 8.96%
3 HSBC 21,532.30 124 8.69%
4 Deutsche Bank 14,929.24 54 6.02%
5 Standard Chartered Bank 12,864.13 73 5.19%

Bookrunners of LatAm Emerging Market DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 16 May 2017
1 Citi 7,891.26 23 14.39%
2 JPMorgan 6,469.14 26 11.80%
3 Morgan Stanley 4,879.44 17 8.90%
4 HSBC 4,803.80 12 8.76%
5 Bank of America Merrill Lynch 4,270.90 19 7.79%

Bookrunners of CEEMEA International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 12,475.95 47 12.71%
2 Citi 12,387.42 44 12.62%
3 HSBC 8,280.73 41 8.44%
4 Deutsche Bank 6,905.70 15 7.04%
5 Standard Chartered Bank 5,686.63 26 5.79%

EMEA M&A Revenue

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 02 May 2016
1 JPMorgan 195.08 50 10.55%
2 Goldman Sachs 162.26 37 8.77%
3 Morgan Stanley 141.22 46 7.64%
4 Bank of America Merrill Lynch 114.20 33 6.18%
5 Citi 95.36 35 5.16%

Bookrunners of Central and Eastern Europe: Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Bank of America Merrill Lynch 929.36 4 8.03%
2 ING 872.17 7 7.53%
3 SG Corporate & Investment Banking 839.92 7 7.25%
4 Credit Suisse 832.77 5 7.19%
5 UniCredit 793.78 7 6.85%

Bookrunners of India DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 AXIS Bank 3,917.94 61 15.95%
2 Trust Investment Advisors 3,216.02 74 13.09%
3 ICICI Bank 2,356.13 61 9.59%
4 Standard Chartered Bank 2,261.01 21 9.21%
5 HDFC Bank 1,552.43 41 6.32%