China Airlines Executes Swap

  • 19 Aug 2003
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Taiwan's China Airlines recently entered a five-year TWD1 billion (USD29 million) interest rate swap on its floating rate liability portfolio and plans to convert more into fixed rate debt in the coming months. "It's a good time to increase our liability portfolio hedging," said Yang Yen, researcher in the financial department in Taipei.

In the swap China Airlines pays a fixed rate and receives floating to partially hedge its TWD26 billion floating-rate domestic portfolio. Yen continued that around 30% of its domestic portfolio, combined with its U.S. dollar-denominated USD1.4 billion in debt, is currently in fixed rate liabilities. She explained that given prevailing low rates, China Airlines plans to increase its fixed rate hedging by 10% or greater in the coming months. "We're just waiting for the right price," Yen added. "Flow-wise, a lot of corporates are interested in five-year swaps," said Diamond Doong, manager of interest rate trading at Taishin International Bank in Taipei, the counterparty on the swap.

  • 19 Aug 2003

All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 16 Jan 2017
1 Citi 22,118.13 61 9.00%
2 Barclays 20,987.41 55 8.54%
3 JPMorgan 17,406.75 53 7.08%
4 HSBC 16,333.52 48 6.64%
5 Goldman Sachs 15,454.74 49 6.29%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 17 Jan 2017
1 Commerzbank Group 114.00 1 66.16%
2 CaixaBank 37.05 1 21.50%
3 UniCredit 10.62 1 6.17%
3 BNP Paribas 10.62 1 6.17%
Subtotal 172.30 3 100.00%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 17 Jan 2017
1 SG Corporate & Investment Banking 770.06 2 16.80%
2 Goldman Sachs 656.16 2 14.32%
3 JPMorgan 527.28 4 11.50%
4 Emirates NBD PJSC 408.38 1 8.91%
5 Deutsche Bank 321.53 3 7.01%