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Asia

Bonds

  • BNP Paribas shines with Basel III dim sum, CBA to follow suit

    BNP Paribas has become the third non-Chinese bank to issue a Basel III bond in the offshore renminbi (CNH) market. On the back of a big order book from high quality investors, not only was it able to increase the size but the new trade also came inside its dollar and euro tier two curves.

    • 07:15 AM

Equities

  • Volvo motors ahead with $310m Eicher Motors sale

    Swedish truck maker Volvo Group has raked in Rp19.19bn ($310m) by selling some of its stake in Indian automobile manufacturer Eicher Motors via an overnight block trade that wrapped up in the morning of March 4. Robust demand allowed the seller to offload far more shares than originally planned, as investors piled into a story they understood and liked.

    • 08:15 AM

Loans

  • Indian Oil C$600m wraps up with six on board

    Indian Oil Corp’s (IOC) C$600m ($479m) North America targeted loan that launched into general in January, has been allocated among six banks. While the deal drew liquidity from three lenders in retail syndication, bankers away from the deal stopped short of terming it a success, saying low pricing probably constrained the response.

    • 09:45 AM

People News

  • CIMB culls Singapore workforce

    CIMB Bank has made another round of job cuts in its investment bank, this time laying off staff in its Singapore office.

    • 03 Mar 2015

RMB

  • BNP Paribas shines with Basel III dim sum, CBA to follow suit

    BNP Paribas has become the third non-Chinese bank to issue a Basel III bond in the offshore renminbi (CNH) market. On the back of a big order book from high quality investors, not only was it able to increase the size but the new trade also came inside its dollar and euro tier two curves.

    • 07:15 AM

Comment

  • Chinese HY property passes the test of Times

    Times Property Holdings printed a $280m five year non call three bond this week in what was only the fourth Chinese high yield property firm to tap the international market in 2015. Even though the amount raised was small, its significance is anything but. A recovery for the much maligned sector could finally be on the cards.

    • 03 Mar 2015
  • Tough stance on property trusts is right move for Pakistan

    Pakistan’s latest draft law on real estate investment trusts (Reits) is getting industry participants hot under the collar. Many are calling the requirement for a perpetual lock-up of a Reit manager's stake inflexible and illogical. But the regulator is right to impose tough rules. Issuers and investors will gain from a market that has its eye on the long term.

    • 03 Mar 2015
  • All quiet on the Eastern front

    There seems to be no end in sight for the Asian ECM bout of depression. Above all, it’s been a pretty miserable year so far for IPOs, in sharp contrast to new listings activity in other parts of the world. The reasons put forward by market observers to explain the dearth of offerings are several, but in the main remain unconvincing, writes Philippe Espinasse.

    • 03 Mar 2015
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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 UBS 4,118.06 20 11.40%
2 Goldman Sachs 3,261.64 9 9.03%
3 CITIC Securities 2,322.12 11 6.43%
4 Credit Suisse 2,238.49 10 6.20%
5 China Investment Securities Co Ltd 1,876.79 2 5.20%

Bookrunners of Asia Pacific (ex-Japan) G3 DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 5,445.83 22 10.04%
2 HSBC 5,307.81 30 9.79%
3 Deutsche Bank 4,126.26 24 7.61%
4 Standard Chartered Bank 3,130.77 16 5.77%
5 JPMorgan 3,020.33 16 5.57%

Asian polls & awards

  • Asiamoney Australia Awards 2014: the brightest and the best

    Asiamoney is pleased to announce the winners of the 2014 Australia Awards. After suggestions by bankers from global and domestic institutions, we weighed the most impressive deals and banks in the market last year. The decisions were not always easy, but we hope to have picked a series of winners that truly highlight the breadth of potential in Australia's capital market. It was a good year for the overall market; it was a great year for the winners below.

  • From Bangladesh to Vietnam: Asia's best deals

    Although the region witnessed the world's largest ever IPO in 2014, it was bond issues that dominated the roster of notable capital markets transactions in Asia ex-Japan. After considering a bumper selection of awards pitches from firms across the region, Asiamoney has picked its standout transactions across ECM, DCM and syndicated loans. Our thanks to all those firms that took the time to pitch.

  • Asiamoney Australia Awards 2014: Results Announced

    Asiamoney is pleased to announce the winners of the 2014 Australia Awards. After suggestions by bankers from global and domestic institutions, we weighed the most impressive deals and banks in the market last year. The results are listed below, and full write-ups of the winners will be published online and in print in late February.

  • Asiamoney Country Deals of the Year 2014: Results Announced

    Although the region witnessed the world's largest ever IPO in 2014, it was bond issues that dominated the roster of notable capital markets transactions in Asia ex-Japan. After considering a bumper selection of awards pitches from firms across the region, Asiamoney has picked its standout transactions across ECM, DCM and syndicated loans. Our thanks to all those firms that took the time to pitch. Full write-ups of each award will be published in the next Asiamoney supplement in late February.

  • Brokers Poll 2014: UBS rises to the top as China gets increasing focus

    Investors in Chinese stocks took a big hit in 2013, hurt by a volatile market that ended the year down around 7%. But things have recovered this year, and after some profitable tips from analysts at UBS, those investors decided the Swiss bank was the rightful winner of this year's Asiamoney Brokers Poll. Matthew Thomas reports.