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  • April 17 2014

Asia

Bonds

Equities

  • Bookrunner lunacy leads to WH Group IPO shambles

    WH Group delayed, restructured and reduced in size what would have been a $6bn IPO this week, due in part to a corporate governance surprise but mostly because of too many bookrunners being involved, write Clare Hammond and Rev Hui.

    • 01:00 PM

Loans

People News

  • JP Morgan moves China head to new role

    Zili Shao, head of China at JP Morgan, will step down from running the investment bank’s Chinese business to become vice chairman of Asia Pacific — the latest in a series of senior China moves at the bank.

    • 12:00 PM

RMB

  • Offshore investors courted in China’s first exchangeable

    Baosteel Group Corporation will start a series of investor meetings in the coming weeks for what will be China’s first exchangeable bond. While the roadshows will mainly be held in China, the deal — which could be worth as much as Rmb4bn ($644m) — is also being lined up for offshore investors.

    • 12:00 PM

Comment

  • Asian corporates are no longer just window shopping

    The much heralded Asian M&A boom appears to be finally underway as leading names including Dongfeng Motor Corp, Lenovo and Oversea-Chinese Banking Corp snap up companies. The willingness of banks to lend funds is driving acquisition momentum and with the economic environment perking up, it’s time for companies to splash out.

    • 22 Apr 2014
  • Now’s the time for Bangladesh to get the best bang for its buck

    Bond investors seem desperate to get their hands on anything other than Chinese property and frontier market sovereigns are stepping up to the plate. Recent and lauded sovereign bonds from Sri Lanka and Pakistan have provided much needed diversification and appetite for frontier credits continues to be rife. Bangladesh has been waiting in the wings and now is the perfect time for it to take the plunge.

    • 15 Apr 2014
  • Pakistan should put Islamic back in its curve

    The Islamic Republic of Pakistan, rated B- / CAA1, will consider it a great result if it can re-establish a five- and 10-year international bond curve this week – following a seven year hiatus – by pricing close to higher-rated Zambia. But for a country with Islamic in its name, with a growing Islamic banking industry and with Islamic finance globally gathering momentum, it would be an oversight if it does not also re-establish a sukuk curve, and soon.

    • 08 Apr 2014
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More from Asia



Bookrunners of Asia-Pac (ex-Japan) ECM

Rank Lead Manager Amount $m No of issues Share %
1 Goldman Sachs 4,688.77 24 8.03%
2 Credit Suisse 3,080.32 34 5.27%
3 China Securities Co Ltd 2,999.56 10 5.14%
4 UBS 2,692.62 33 4.61%
5 Guosen Securities Co Ltd 2,486.66 12 4.26%

Bookrunners of Asia (ex-Japan) G3 DCM

Rank Lead Manager Amount $m No of issues Share %
1 Citi 11,036.40 58 11.79%
2 HSBC 9,552.52 59 10.20%
3 JPMorgan 7,337.86 38 7.84%
4 Deutsche Bank 6,595.96 32 7.05%
5 Bank of America Merrill Lynch 6,388.92 37 6.83%

Asian polls & awards

  • Japan’s top transactions of 2013

    The country enjoyed some impressive transactions on the back of a resurgent equity market and companies conducting acquisitions, especially SoftBank. ASIAMONEY reveals the top deals of 2013. By Peter McGill.

  • Japan's foremost financial advisers

    Several banks impressed in 2013, during a year of renewed capital markets activity. ASIAMONEY reveals which banks stood tallest. By Peter McGill.

  • The world’s Islamic finance innovators

    The Islamic finance industry continues to grow quickly, in terms of both assets and users. Yet within this fast-growing sector a number of banks tend to stand out for the quality of their services. ASIAMONEY picks the stand-out Islamic banks in Asia and the Middle East for the past year. By Chris Wright.

  • ASIAMONEY Country Deals of the Year: Thailand

    Each year ASIAMONEY chooses the standout capital markets transaction from each major country in ex-Japan Asia. In Thailand BTS makes several records with the initial public offering of an infrastructure fund based upon the revenues of the Bangkok SkyTrain.

  • ASIAMONEY Country Deals of the Year 2013: Taiwan

    Each year ASIAMONEY chooses the standout transaction from each major market across Asia ex-Japan. In 2013, Taiwan's semiconductor manufacturing giant conducted a debut foray into the bond market for funding to great acclaim.