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Asia

Bonds

  • Sinopec comes of age with $6.4bn record

    This week's record-breaking dual currency bond from China Petroleum & Chemical Corporation (Sinopec) showed just how far Chinese issuers have come in the international bond market over the past few years. Sinopec managed to print an impressive $6.4bn and by doing so elevated its status to one of the elite borrowers in the region, writes Rev Hui.

    • 23 Apr 2015

Equities

  • Pakistan raises concerns with new draft ECM guidelines

    Banks are pushing the Securities and Exchange Commission of Pakistan (SECP) to rethink its recent proposal on new rules for the equity capital market. The SECP's suggested regulations include banning listed companies from raising funds through a bookbuilding process while restricting the activities of bookrunners when executing deals. Rashmi Kumar reports.

    • 23 Apr 2015

Loans

  • Catch-22 for Taiwan banks after rise in China provision

    New rules from Taiwan’s Financial Supervisory Commission (FSC) require banks to up their general provision for China loans by 50bp. While the move will push banks in Taiwan to exercise more caution when lending to the mainland, it leaves them in a dilemma when it comes to pricing loans, writes Shruti Chaturvedi.

    • 23 Apr 2015

People News

RMB

  • New free trade zones launched, negative list culled again

    This week’s official launch of the new free trade zones (FTZ) in the city of Tianjin and the provinces of Guangdong and Fujian has coincided with a new shortening of the negative list that determines which sectors in China are off-limits to foreign investors.

    • 24 Apr 2015

Comment

  • Markets must not forget Kaisa lessons too quickly

    Kaisa Group Holdings became the first Chinese property company to default on its offshore debt when it announced on Monday that it had failed to pay $51.6m of coupons on two of its outstanding dollar bonds. The news barely made an impact on secondary prices, as the default had been well flagged, but markets should not relax yet. Kaisa may not be an isolated case.

    • 21 Apr 2015
  • Too much, too soon will spell trouble for India overseas debt

    A panel set up by India’s Ministry of Finance to review the rules for companies borrowing money from overseas has made the radical suggestion of doing away with the current system and immediately liberalising the regime. Such an approach is likely to be too much of a shock to the country’s financial system. The government would be wise to adopt a more gradual approach.

    • 14 Apr 2015
  • Stock Connect: so is this what RMB internationalisation looks like?

    Mainland purchases of Hong Kong H shares exhausted the southbound daily quota of the Shanghai-Hong Kong Stock Connect for the second straight day on April 9. The new enthusiasm among Chinese buyers will be a boon for many, but it is also a sharp reminder of the potential and risks associated with China’s opening.

    • 10 Apr 2015
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More from Asia

Bookrunners of Asia-Pac (ex-Japan) ECM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 22 Apr 2015
1 Goldman Sachs 12,244.58 23 15.03%
2 UBS 7,029.25 40 8.63%
3 CITIC Securities 4,342.99 20 5.33%
4 Credit Suisse 3,997.75 19 4.91%
5 Morgan Stanley 3,714.67 26 4.56%

Bookrunners of Asia Pacific (ex-Japan) G3 DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 21 Apr 2015
1 HSBC 9,836.46 50 10.61%
2 Citi 8,704.49 43 9.39%
3 JPMorgan 6,668.65 33 7.20%
4 Deutsche Bank 6,280.25 36 6.78%
5 Morgan Stanley 5,453.10 30 5.88%

Asian polls & awards

  • Asiamoney's Asia Islamic bank awards: winners announced

    Asiamoney announces the winners of its latest annual Asia Islamic bank awards, after a year in which the industry continued to develop in size and scope. The awards are listed below, and full write-ups of each decision will be published online and in print at the end of April.

  • HSBC retains top rankings in Asiamoney’s Offshore RMB Poll 2015

    HSBC reigns supreme for the fourth year running as the best overall provider of offshore RMB products and services, in Asiamoney’s largest and most competitive Offshore Renminbi (RMB) Poll. The UK-headquartered bank tops the poll as voted by clients from around the world.

  • Asiamoney Australia Awards 2014: the brightest and the best

    Asiamoney is pleased to announce the winners of the 2014 Australia Awards. After suggestions by bankers from global and domestic institutions, we weighed the most impressive deals and banks in the market last year. The decisions were not always easy, but we hope to have picked a series of winners that truly highlight the breadth of potential in Australia's capital market. It was a good year for the overall market; it was a great year for the winners below.

  • From Bangladesh to Vietnam: Asia's best deals

    Although the region witnessed the world's largest ever IPO in 2014, it was bond issues that dominated the roster of notable capital markets transactions in Asia ex-Japan. After considering a bumper selection of awards pitches from firms across the region, Asiamoney has picked its standout transactions across ECM, DCM and syndicated loans. Our thanks to all those firms that took the time to pitch.

  • Asiamoney Australia Awards 2014: Results Announced

    Asiamoney is pleased to announce the winners of the 2014 Australia Awards. After suggestions by bankers from global and domestic institutions, we weighed the most impressive deals and banks in the market last year. The results are listed below, and full write-ups of the winners will be published online and in print in late February.