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Asia

Bonds

  • BAML print fails to dent Kanga demand

    Bank of America Merrill Lynch built on a strong run in Australian dollars on Wednesday, drawing an oversubscribed order book for a five and a half year print. The strength of demand for the deal — along with other recent deals from FIG issuers in the currency — suggests that appetite from domestic investors for further deals remains robust.

    • 11:30 AM

Equities

  • Shareholder launches block as Bumi Armada fixes rights price

    Malaysia’s Bumi Armada set the price for its upcoming rights issue on Wednesday, though a date for the transaction is still up in the air. In response, the company’s largest shareholder launched a block deal in order to fund its take up of the right issue.

    • 08:30 AM

Loans

  • Garuda takes financing flight to the Gulf

    Indonesian national airline carrier Garuda, has signed a three year $200m financing facility with Gulf banks. The syndication includes an $85m Islamic tranche, according to a banker on the deal.

    • 01:15 PM

People News

RMB

  • Netting could give France an RMB clearing edge, says Crédit Agricole

    France, the European country that is expected to be next in line to be granted its own offshore renminbi clearing bank, is targeting a broader RMB clearing house structure. If the eventual choice of system involves a netting approach similar to that used in Hong Kong, it could give France a distinct advantage, according to Francois-Xavier Thomas, senior business developer of client coverage and international network at Crédit Agricole.

    • 09:45 AM

Comment

  • Indian GDRs no longer make a splash

    The ice bucket challenge has been all the rage on social media recently, but Indian GDR issuers have been taking a cold shower for quite a while longer, writes Philippe Espinasse.

    • 07:30 AM
  • Don't ignore Sing dollars once the summer lull is over

    While the rest of Asia’s markets have been taking their summer breaks, Singapore dollars have been revving up. Recent deals have shown that the market can offer a strong alternative, with bigger sizes and longer tenors than dim sum — and even the opportunity to price through the dollar curve.

    • 26 Aug 2014
  • You can’t offer risk without paying up

    Indonesia’s Berau Coal Energy tried to tip the balance in its favour with its bond offering last week by asking investors to take on greater risk but not compensating them for it. Unsurprisingly, the deal did not see the finish line. BCE would do well to keep in mind the age old adage that you can’t have your cake and eat it too.

    • 19 Aug 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 11,943.90 61 8.30%
2 UBS 9,757.48 85 6.78%
3 Morgan Stanley 7,074.61 56 4.91%
4 Citi 7,016.32 42 4.87%
5 Credit Suisse 6,734.49 66 4.68%

Bookrunners of Asia (ex-Japan) G3 DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 20,354.16 104 0.00%
2 HSBC 18,777.08 120 0.00%
3 JPMorgan 17,094.60 88 0.00%
4 Bank of America Merrill Lynch 13,895.40 78 0.00%
5 Deutsche Bank 12,809.45 67 0.00%

Asian polls & awards

  • Asiamoney Best Domestic Bank Awards 2014: Vietnam

    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.

  • Asiamoney Best Domestic Bank Awards 2014: Taiwan

    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.

  • Asiamoney Best Domestic Bank Awards 2014: Thailand

    Each year we choose the leading bank, equity brokerage and debt house across every major market in Asia. In Thailand, Siam Commercial Bank beats arch-rival Kasikornbank to be named top lender, while Phatra Securities remains top for equities in tough conditions and Bangkok Bank stands tallest for bonds.

  • Asiamoney Best Domestic Bank Awards 2014: South Korea

    Each year we choose the leading bank, equity brokerage and debt house in each major market in Asia. In South Korea Shinhan Bank continues to shine for its credit risk management and diversification, while Woori Investment & Securities shines in equities and KB Financial Group proves strongest in debt.

  • Asiamoney Best Domestic Bank Awards 2014: Singapore

    Each year we choose the leading bank, equity brokerage and debt house in each major market in Asia. In Singapore OCBC's efforts to expand into North Asia via the purchase of Wing Hang Bank impresses, while DBS retains its stranglehold of capital markets coverage.