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Asia

Bonds

  • Asia G3 bonds set for strong 2015 on declining oil prices and refinancing

    Asia’s G3 bond markets are set for another record year in 2015, with seven out of eight syndicate desks questioned by GlobalCapital Asia predicting volumes will rise, or at least match 2014. Cheaper global commodity prices and heavy refinancing needs will ensure issuers are active throughout the year, writes Narae Kim.

    • 18 Dec 2014

Equities

  • Hong Kong ends on high note as Wanda closes $3.7bn debut

    Dalian Wanda Commercial Properties pulled off one last hurrah for Hong Kong’s IPO market this week, raising HK$28.8bn ($3.7bn) in the city’s largest listing for more than three years. The property developer, owned by Chinese billionaire Wang Jianlin, priced its shares on December 16 at HK$48.00, near the top end of guidance, despite niggling fears about China’s cooling property sector, writes John Loh.

    • 18 Dec 2014

Loans

  • European banks seize the day to jump into Asian loans

    Loans bankers in Asia are preparing for a very competitive 2015, with European lenders expected to turn up the heat as they increase their exposure to borrowers in the region. Asia's borrowers will be the biggest winners, able to take advantage of a deeper pool of liquidity to push pricing down even further, writes Rashmi Kumar.

    • 18 Dec 2014

People News

RMB

  • Special Briefing on China market access, Part I: the future of RQFII

    China’s renminbi qualified foreign institutional investors (RQFII) programme and the recently-launched Shanghai-Hong Kong Stock Connect initiative have made some of the biggest contributions so far to tearing down the Great Wall surrounding China’s capital markets, while simultaneously providing a springboard for the broader adoption of China’s currency around the globe.

    • 04:45 AM

Comment

  • Equity-linked: New Year needs new resolutions

    China Petrochemical Development Corp (CPDC) issued a convertible bond last week that was backed by not one but two SBLCs — allowing the company to join a very small list of issuers that have used unusual structures this year to pull off successful deals. The success of transactions with new features this year shows Asia needs more innovation if it wants to develop its equity-linked market

    • 16 Dec 2014
  • Landmark ICBC AT1 is no benchmark for RMB bonds

    Industrial and Commercial Bank of China (ICBC) took plenty of plaudits last week, with a unique triple currency additional tier one (AT1) transaction that included a record-breaking offshore renminbi tranche. While some say that the trade was a testament to the depth of the CNH market, that is an argument too far. This was anything but a conventional trade.

    • 09 Dec 2014
  • Don't let the China bears spoil the IPO market

    The Hong Kong IPO market is on for a blazing end to the year, with chunky planned listings from the likes of BAIC Motor, CGN Power and Dalian Wanda. It should be a positive news story but the China bears are out in force. They aren't all wrong, but investors would do well to evaluate these deals on a case-by-case basis.

    • 02 Dec 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
  • 17 Dec 2014
1 Goldman Sachs 21,210.78 85 0.00%
2 Morgan Stanley 19,350.26 81 0.00%
3 UBS 14,489.77 120 0.00%
4 Deutsche Bank 14,083.69 67 0.00%
5 Citi 13,864.48 66 0.00%

Bookrunners of Asia Pacific (ex-Japan) G3 DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 17 Dec 2014
1 Citi 29,197.66 155 9.84%
2 HSBC 28,986.77 186 9.77%
3 JPMorgan 24,308.13 135 8.20%
4 Bank of America Merrill Lynch 21,777.56 115 7.34%
5 Deutsche Bank 18,676.18 103 6.30%

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