Asia


Bonds

  • Kexim takes charge of Korean green bond boom

    Asia's green bond market welcomed the return of Export-Import Bank of Korea (Kexim) this week. Despite volatility, the frequent issuer priced a green bond flat to its conventional debt and market participants expect more Korean issuers to follow suit, reports Narae Kim.

    • 03 Feb 2016

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Equities

  • Myanmar tees up first Yangon Stock Exchange listing

    Myanmar held the first session of its new parliament this week, its first democratically elected legislature in over 50 years. The country is also preparing for a similarly rare event in its capital markets, with regulators set to name the first company to be allowed to float on the Yangon Stock Exchange (YSX). Jonathan Breen reports.

    • 04 Feb 2016

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Loans

  • ChemChina $43bn deal yields jumbo loans bonanza

    The prospect of a huge financing package to back ChemChina’s $43bn acquisition of Syngenta has left bankers guessing how the two banks arranging the funding are going to structure and distribute the debt, especially as the lenders are working under separate mandates. Despite their size, the loans are expected to be well supported thanks to abundant liquidity in Europe and the target’s strong credentials, writes Shruti Chaturvedi.

    • 04 Feb 2016

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People & Markets

  • S&P downgrades Renhe amid possible default

    Standard & Poor’s has downgraded Chinese mall developer Renhe Commercial Holdings to CCC- on Friday with the rating agency casting doubt over the company’s ability to repay a bond due in March.

    • 05 Feb 2016

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RMB

  • RMB round-up: February 5, 2016

    In this round-up, Charles Li promises Bond Connect and RMB derivatives, ICBC sees cross-border business booming, Moscow Exchange looks to connect with Chinese investors, offshore RMB (CNH) still a top three currency on the EBS FX trading platform, and China clarifies rules for foreign banks looking to join the onshore FX market. Plus, a recap of the top GlobalRMB stories this week.

    • 05 Feb 2016

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Comment

  • Chinese green bonds have yet to pass the test

    The future looks bright for China’s domestic bond market having started the year in full throttle with Shanghai Pudong Development Bank (SPDB) and Industrial Bank raising a combined Rmb30bn ($4.6bn). But while the volumes may be impressive, making sure issuers honour the green label will be the real test.

    • 02 Feb 2016
  • Chinese property: Getting to grips with the unexpected

    The Chinese property sector has once again found itself in the headlines for the wrong reasons with Future Land Development Holdings saying on Friday that its chairman was being investigated by the authorities. While there was the inevitable bout of panic selling, the short time it took for things to stabilise shows a maturing market that is fast getting used to the complexities of the industry.

    • 26 Jan 2016
  • From Russia, with fees

    After almost five years, Hong Kong has recognised Russia as an accepted jurisdiction for issuers looking to list in the city. But whether the ties would be a game-changer for Asian equity capital markets is a big question, writes Philippe Espinasse.

    • 25 Jan 2016

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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
  • 03 Feb 2016
1 GF Securities Co Ltd 3,529.13 8 11.66%
2 CITIC Securities 2,150.58 7 7.11%
3 Guosen Securities Co Ltd 2,136.81 6 7.06%
4 Haitong Securities Ltd 1,910.27 9 6.31%
5 Deutsche Bank 1,773.99 7 5.86%

Bookrunners of Asia Pacific (ex-Japan) G3 DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 03 Feb 2016
1 Bank of America Merrill Lynch 3,059.15 7 11.41%
2 Citi 2,308.69 7 8.61%
3 HSBC 2,270.63 12 8.47%
4 JPMorgan 1,467.78 7 5.47%
5 Morgan Stanley 1,325.36 3 4.94%

Asian polls & awards