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Asia

Bonds

  • SBLC no match for volatility as Hebei Iron debuts

    Hebei Iron and Steel was forced to price its debut offshore bond more than 20bp wider than its closest comparables on October 20, despite the fact the bond was supported by a standby letter of credit from one of the joint global co-ordinators, Agricultural Bank of China. While SBLCs have reduced pricing in the past, it failed to help this time around as choppy markets proved to be too much of a match.

    • 21 Oct 2014

Equities

  • Just Dial to make connection for $163m deal

    Indian online search engine Just Dial, which listed in May last year, is considering raising up to Rp10bn ($163m) in a deal that will put some life back into the country’s equities market.

    • 05:45 AM

Loans

  • PE firms talking to banks for Indian LBO loan

    Private equity firms are sounding out banks for a loan to finance their purchase of a stake in Indian firm CMS Info Systems from Blackstone, which is currently the majority owner.

    • 21 Oct 2014

People News

RMB

  • UK’s RMB debut sets scene for further sovereign RMB issuance

    The high level of demand for the UK’s debut offshore renminbi bond this week, the first from a non-Chinese sovereign, will be encouraging for other countries looking at printing in the internationalising currency. Two more are thought to be looking at selling renminbi bonds.

    • 16 Oct 2014

Comment

  • BoC's AT1: big but not that clever

    You’ve got to hand it to Bank of China. This week it priced the biggest Basel III bank capital deal ever, in what bankers are calling the worst market conditions since 2008. But while the deal was certainly one step forward for Bank of China, it looked like two steps back for the international capital markets.

    • 17 Oct 2014
  • Stop Ebola now – before it stops us

    Don’t switch off. Ebola may not have hit your P&L yet, but it’s going to, soon, and hard, whatever your job is. And look at the charts. The logic is inexorable: the longer we take to overcome the disease, the worse the cost will be – for the global economy and in human life. This is not about a few percentage points of GDP. Modern civilisation itself is at risk.

    • 14 Oct 2014
  • Time for investors to make up their mind about Asia tech

    Alibaba’s record breaking $25bn IPO was supposed to be the trigger that dispelled investor fears about Asian technology companies and opened to door to future listings. But as the volatility in such stocks has shown, investor sentiment in the sector is subject to wild swings. And that is hurting the IPO pipeline.

    • 14 Oct 2014
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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
  • Today
1 Goldman Sachs 17,342.11 70 8.45%
2 Morgan Stanley 13,055.54 71 6.36%
3 Citi 12,683.01 57 6.18%
4 Credit Suisse 11,972.64 81 5.84%
5 UBS 11,755.05 101 5.73%

Bookrunners of Asia Pacific (ex-Japan) G3 DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 23,325.00 125 0.00%
2 HSBC 23,038.52 149 0.00%
3 JPMorgan 19,600.38 109 0.00%
4 Bank of America Merrill Lynch 15,341.19 90 0.00%
5 Deutsche Bank 14,492.97 81 0.00%

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