Azeri Accessbank is roadshowing a small-sized European commercial paper issue in London this week via BCP Securities and BNP Paribas.
CGN Meiya Power Holdings opened books on September 16 for a HK$1.8bn ($231m) Hong Kong IPO, lining up a group of five cornerstone investors to take up around 35% of the deal ahead of launch.
Indian state owned refiner Hindustan Petroleum Corp has launched its $300m loan into general syndication, with the five leads already being joined by one Indian lender at the mandated lead arranger level.
- Azeri Accessbank looks for CP
- Zhejiang Provincial Energy to roadshow debut international deal
- Geely looks to drive funding offshore
- Korea Western Power creates buzz with $300m five year
- CGN Meiya fires $231m IPO into market
- Lippo Malls mulls placement for $314m acquisition
- Alibaba on track to break records as it raises price range
- SHK raises $130m through top-up placement
HSBC is banking on continued growth in the property sector with the appointment of the two new regional heads for its real estate finance (REF) division.
As it celebrates the first five years of its China equity fund, investment manager Neuberger Berman said it expects investors’ interest in Chinese securities to explode as the regulatory walls around the Chinese capital markets begin to be torn down.
- HSBC develops real estate finance teams in Apac, EMEA
- AXA IM adds two to Asian fixed income
- VTB’s Solovyev optimistic on Asian business as Chunilal departs
The Indian ECM market is set for a busy few months with a pipeline of government-led divestments teed up to hit investors soon, and the country in danger of meeting its target for once. But while some argue the government is not moving fast enough to reduce its fiscal deficit, slow and steady will prove to be the best strategy.
Islamic investors should not allow political turmoil to derail Pakistan’s plan to return to the sukuk market.
India broke with its traditional instincts last week by scrapping a restriction on retail investors buying Basel III bonds. Not only is the U-turn in attitude towards retail protection startling given the country's past attitude to that investor base, but it could also be reckless.
From The Weekly
- Hong Kong hits the sweet spot with $1bn sukuk debut
- Chunilal leaves VTB, but bank reaffirms focus on Asia
- 1MDB delay dampens Malaysian IPO volumes as market loses spark
- Thin Q3 loans open window of opportunity for borrowers
- Breaking records: Alibaba opens jumbo $21.1bn IPO
- Powerlong succeeds with 2nd dim sum attempt
- Aristocrat $1.3bn loan targeted at US market
Cartoon of the Week
- 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
- Total Derivatives: 5y offered after soft data but rally looking overdone
- Total Derivatives: CNY belly given on PMI, shorts bid
- Total Derivatives: CNY well bid pre-PMI; steeper curve
- Total Derivatives: 5y CNY bid after sharp FDI decline
- Total Derivatives: Is a short-end CNY correction due?
- Total Derivatives: CNY 5y leads post-data flattening
More from Asia
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Latest news and league table performance
Asiamoney: July/August 2014
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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||14,252.30||80||7.06%|
Asian polls & awards
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.
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.
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.