China easing: the new risk for offshore loans

China’s policy of easing interest rates has pushed down expectations for the renminbi, and made mainland banks more comfortable holding foreign currencies. That could threaten offshore loan volumes in the second half of the year, said market participants.

  • 11 Jul 2012
The People’s Bank of China cut one year lending rates by 31bp last week, only three weeks after a local regulator said it would let companies borrow in foreign currencies onshore and send that money offshore to fund their subsidiaries. The loosening of both rates and rules has ...

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Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Bank of America Merrill Lynch (BAML) 3,319 10 12.84
2 Citi 2,562 6 9.92
3 Goldman Sachs 2,150 3 8.32
4 Credit Suisse 1,822 6 7.05
5 Societe Generale 1,814 4 7.02

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 22 May 2017
1 Citi 41,255.30 117 12.99%
2 Bank of America Merrill Lynch 37,631.92 109 11.85%
3 Wells Fargo Securities 32,082.26 89 10.11%
4 JPMorgan 20,969.41 64 6.60%
5 Credit Suisse 16,754.47 44 5.28%