RMB Roundup – March 7

In this round up of recent offshore renminbi news, offshore RMB clearing banks offer term deposits, liquidity in Hong Kong rose for the fourth month in a row and ICBC’s president discusses his London ambitions.

  • 07 Mar 2013
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· Bank of China (Hong Kong) and Bank of China (Taipei), the offshore renminbi clearing banks in Hong Kong and Taiwan respectively, began offering term deposits for participating banks from March 1. Bank of China (Hong Kong) also raised the overnight deposit rate from 0.629% to 0.648%.


Source: ANZ, Thomson Reuters

· Hong Kong Monetary Authority said offshore renminbi deposits grew 3.5% month on month in January to reach Rmb624 billion (US$xx), the second highest level since it started reporting the figures in October 2010. In addition, renminbi cross-border trade settlement grew to Rmb268 billion from Rmb264 billion a month earlier.

· Standard Chartered grew its offshore renminbi (CNH) deposit base by 46% year-on-year (y-o-y), increasing its market share to 11% for the year ending December 31, 2012, according to Barclays analysts. It also had a CNH loan-to-deposit ratio of around 80% while CNH income rose by 30% y-o-y.

· Yang Kaisheng, president of ICBC said the bank trying to become the offshore renminbi clearing bank for London, according to Reuters.

  • 07 Mar 2013

Bookrunners of International Emerging Market DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 20 Mar 2017
1 JPMorgan 17,834.38 72 10.56%
2 Citi 16,648.84 65 9.86%
3 HSBC 14,502.17 79 8.59%
4 Deutsche Bank 10,659.15 37 6.31%
5 Standard Chartered Bank 8,423.03 47 4.99%

Bookrunners of LatAm Emerging Market DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 14 Mar 2017
1 Citi 5,687.17 13 16.25%
2 JPMorgan 4,222.60 16 12.06%
3 HSBC 3,485.94 6 9.96%
4 Deutsche Bank 2,957.20 4 8.45%
5 Morgan Stanley 2,629.01 9 7.51%

Bookrunners of CEEMEA International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 21 Mar 2017
1 JPMorgan 7,610.36 27 13.98%
2 Citi 6,685.06 20 12.28%
3 HSBC 4,539.92 22 8.34%
4 Deutsche Bank 3,547.08 9 6.52%
5 Standard Chartered Bank 3,538.08 13 6.50%

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
  • 21 Mar 2017
1 Bank of America Merrill Lynch 390.53 2 13.27%
2 UniCredit 321.12 2 10.91%
3 Raiffeisen Bank International AG 206.29 2 7.01%
3 ING 206.29 2 7.01%
3 Citi 206.29 2 7.01%

Bookrunners of India DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 08 Mar 2017
1 AXIS Bank 1,318.15 23 14.27%
2 Trust Investment Advisors 1,079.75 29 11.69%
3 ICICI Bank 773.60 21 8.37%
4 Citi 601.55 5 6.51%
5 Standard Chartered Bank 591.66 6 6.41%