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Asia

Bonds

  • Alibaba draws $55bn of orders for landmark debut $8bn bond

    Alibaba amassed a whopping $55bn of orders from investors for its landmark $8bn deal which ranks as the biggest G3 bond from an Asian ex Japan issuer. But some investors opted to stay on the sidelines after pricing was tightened up to 27bp across the six tranches.

    • 21 Nov 2014

Equities

  • SGX on fire as Universal mulls first oil storage trust S$1bn IPO

    Universal Terminal is set to provide investors with a unique story as it eyes raising a whopping S$1bn ($770m) IPO on the Singapore Exchange next month. If successful, the company will become the largest listing in the city-state this year — and the very first oil and gas storage trust to sell shares in Asia. Despite the firsts, the IPO will be a big test of the market’s appetite for size, business trusts and oil-related stocks, writes Rashmi Kumar.

    • 20 Nov 2014

Loans

  • Dividend recaps no longer a no-go for lenders in Asia

    Dividend recapitalisations are picking up in Asia, with a number of private equity firms tapping the loan market in recent months. Asian lenders have traditionally been reluctant to lend for such purposes, but have become more familiar with PE sponsors and more comfortable with the structure. It helps that such deals are offering juicy margins at a time when top tier credits are paying peanuts, writes Shruti Chaturvedi.

    • 20 Nov 2014

People News

RMB

  • US investors get a new RMB option as China Merchants launches CDs

    China Merchants Bank’s (CMB) New York branch has launched the first renminbi denominated certificate of deposit (CD) in the US from its new global CD programme. Proceeds of the Rmb50m ($8.16m) one month offering will be used to support transactions in the US-China trade corridor.

    • 21 Nov 2014

Comment

  • Through Train may yet silence critics

    Whether because of delays or last-minute decisions, naysayers of the Shanghai-Hong Kong Stock Connect have had a field day berating it as little more than a half-hearted exercise. But such an ambitious task was never going to be without its problems. More credit should be given to what’s already been achieved.

    • 18 Nov 2014
  • Why carving China's banks out from TLAC is wrong

    Journalists sometimes have to choose between being fast and being right. The Financial Stability Board, with its Total Loss Absorbing Capacity (TLAC) plans, has chosen to be fast, and a weaker financial system will be the result.

    • 11 Nov 2014
  • Don't shut the door on China's SME borrowers yet

    A spate of restructurings and defaults by Chinese companies has spooked the syndicated loans market and some banks are now saying there will be a flight to quality. However, by squeezing lending to mid-cap names, banks could miss out on funding the next Xiaomi or Alibaba. Instead they should improve their credit checks and look for more innovative solutions.

    • 11 Nov 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
  • 18 Nov 2014
1 Goldman Sachs 18,349.88 74 8.50%
2 Morgan Stanley 13,144.46 72 6.09%
3 Citi 12,899.44 59 5.98%
4 Credit Suisse 12,133.19 84 5.62%
5 UBS 12,126.61 105 5.62%

Bookrunners of Asia Pacific (ex-Japan) G3 DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 18 Nov 2014
1 HSBC 26,734.62 166 10.26%
2 Citi 26,177.79 135 10.04%
3 JPMorgan 20,767.10 119 7.97%
4 Bank of America Merrill Lynch 19,146.56 107 7.34%
5 Deutsche Bank 16,260.79 92 6.24%

Asian polls & awards