China’s Bank of Communications (BoCom) has followed its landmark offshore tier two bond with another €500m ($634m) offering a day later, on September 25. But the euro denominated transaction proved to be less popular than its dollar counterpart.
Asian Development Bank has sold its entire stake in India’s Petronet LNG through a Rp7.14bn ($117m) block that priced on the morning of September 26, leading to the company’s share price taking a hit when trading began.
Pelabuhan Indonesia II’s $1bn five year loan, which has been in gestation since May, is expected to launch in the next few days, said bankers.
- Muted reaction to BoCom’s euro tier two
- China high yield expected to fly high, but not for long
- China’s SMIC fetches $500m with inaugural dollar bond
- RHB on target as it squeezes through tight window
- ADB exits India’s Petronet with $117m block
- ECM boom to continue with Thailand, Korea set for pick-up
- CIC nets $311m with Noble sale but shares take a hit
- La Chapelle walks the ramp to $219m HK IPO
BNP Paribas has promoted Kyoya Okazawa to be head of equity derivatives distribution, global equities and commodities derivatives (GECD), for Asia Pacific. Okazawa will add this role to his current position as the head of GECD for Japan.
Aberdeen Asset Management Asia (AAMA) announced on September 26 that it had been awarded an RMB Qualified Foreign Institutional Investor (RQFII) licence from the China Securities Regulatory Commission (CSRC) in August. While an investment quota of up to Rmb600m ($97.8m) is expected in November, a investment shift to China's A-shares is also planned, the company said.
- BNPP promotes Okazawa to head of Apac equity derivs distribution
- Goldman’s Asia ECM chief resurfaces in London
- SocGen appoints Liu as China DCM head
With Chinese banks needing a recordbreaking amount of bank capital over the next few years and the first deal expected by the end of 2014, the scaremongers are out force. But as with so much to do with China, the reality is unlikely to be as bad as some would have us believe.
Mongolia’s potential to be one of the fastest growing economies in the world could soon be unlocked. The smart money had better move fast.
Dollar loans out of Asia ex-Japan have taken a massive tumble in the third quarter, falling 40% compared to the same period last year. The figures are certainly dismal, but it’s not time to hit the panic button just yet. All the signs are that the next few months will be promising for loans.
From The Weekly
- It’s alive! L&T throws open Indian equity-linked market
- Dollars first, euros later: BoCom prices landmark offshore tier two
- ZPE fires up debut Chinese provincial SOE dollar bond
- Red hot reception for Pelindo III debut outing
- Reliance broadcasts Jio $1.5bn into general
- Pakistan’s OGDC fires up $816m deal
Cartoon of the Week
- Total Derivatives: Good CNY belly offers flatten curve
- Total Derivatives: CNY curve steeper on fixing; firm PMI
- Total Derivatives: More short CNY offers
- HK, Shanghai connection opens equity arbitrage trades
- Singapore adds RMB FX futures, BOC to be first market maker
- Total Derivatives: Panic CNY offers follow PBoC repo cut
- Total Derivatives: CNY curve correction call
- Total Derivatives: CNY offered on data; 5y to correct?
- Total Derivatives: PMI drives CNY 5y bid; dim sum deals pick up
- KRX introduces raft of changes ahead of vol futures trading
More from Asia
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Asiamoney: September 2014
- Narendra Modi’s state silver sale
- CLSA stands on the shoulders of Citic
- Murray’s inquiry could leave Australia bank profits flagging
- Indonesia focus: Educating an infant Islamic finance industry
- Middle East & North Africa focus: MENA accelerates trading ties with Asia
- Middle East & North Africa focus: Reflecting on sukuk’s cross-regional appeal
- Asia’s foreign currency kings revealed
- Asia’s Best Managed Company Awards
- Australia Capital Recycling Roundtable: Selling the old to build the new
- Thailand Roundtable: Clearing the hurdles for growth
full digital edition
Bookrunners of Asia-Pac (ex-Japan) ECM
|Rank||Lead Manager||Amount $m||No of issues||Share %|
Bookrunners of Asia (ex-Japan) G3 DCM
|Rank||Lead Manager||Amount $m||No of issues||Share %|
|4||Bank of America Merrill Lynch||15,081.25||87||3.43%|
Asian polls & awards
The region’s leading companies combine astute business models with targeted aggression, a willingness to think long term and confidence to challenge their business models during times of stress. Asiamoney reveals the leading companies and top executives across the region.
The world’s foreign exchange market continues to grow in depth on the back of mounting international trade and investment. ASIAMONEY reveals which banks most impress regional corporates and financial institutions for their capabilities.
Two banks dominated the three main categories of our latest and largest survey of Asia's credit, interest rate and commodities sectors.
Every year we choose which are the standout financial institutions in each major Asian market. In Vietnam, Military Bank rises above a lacklustre field of competition for best getting a handle of its costs and bad debts.
Each year we choose the leading bank, equity brokerage and debt house across every major market in Asia. In Taiwan, E.Sun Financial Holding shines for its efforts in building non interest income, while Yuanta fends off tough competition to lead in equity and bonds.