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Asia

  

Bonds

  • Sino-Ocean Land raises $1.2bn with dual trancher

    Sino-Ocean Land made what one banker called a quasi-debut in the dollar market on Wednesday, pricing a five and 10 year dual trancher. Against a resilient market backdrop, the deal attracted $4.75bn in bids.

    • 02:15 PM

Equities

  • Few takers seen likely for Thai IPO free-for-all

    Thailand has finally given the green light for foreign companies to list on the country’s stock exchange, the first time it has opened the doors of its market to outsiders. The move is a step in the right direction, say bankers, but they think any uptick in new issuance is likely to be negligible, writes Rashmi Kumar.

    • 02:15 PM

Loans

  • Tata Steel signs up 12 to $5.6bn loan but Indian corps will struggle to follow

    Tata Steel is back in the market for a $5.6bn loan and with a dozen lenders already on the mandate, sentiment ahead of the launch into general syndication is upbeat. But lesser known Indian corporates should not be holding their breath if they are looking to emulate the deal’s success. Although the country is back in lenders' good books, loan market liquidity is still the preserve of only a few flagship names, writes Shruti Chaturvedi.

    • 03:00 PM

People & Markets News

  • Few takers seen likely for Thai IPO free-for-all

    Thailand has finally given the green light for foreign companies to list on the country’s stock exchange, the first time it has opened the doors of its market to outsiders. The move is a step in the right direction, say bankers, but they think any uptick in new issuance is likely to be negligible, writes Rashmi Kumar.

    • 02:15 PM

RMB

Comment

  • Xiaomi may have bitten off more than it can chew

    Xiaomi’s $1bn financing has become a talking point among bankers. The Chinese mobile phone company has ambitious plans for expansion but there is concern in some quarters over how it has chosen to execute its debut. The company should brace itself for an uphill climb. Closing this deal isn’t going to be easy.

    • 22 Jul 2014
  • Don’t laugh at de-dollarisation talk

    Recent comments about the de-dollarisation of financial markets and the wider adoption of the renminbi by countries like Russia have been met with incredulity in some quarters. But while the dollar will retain its reserve currency status for many years to come, the fact such talk exists shows how far the RMB has come in a very short time.

    • 15 Jul 2014
  • Use with caution: SBLCs a help, not a cure, for CB jeebies

    Bankers have begun using standby letters of credit (SBLCs) to price convertible bonds coming from sectors that might otherwise make investors a bit jittery. The tactic works when used responsibly, but bankers need to avoid it for companies that have no business being in the capital markets.

    • 15 Jul 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
  • 23 Jul 2014
1 Goldman Sachs 10,084.76 55 8.07%
2 UBS 7,741.36 72 6.20%
3 Citi 6,262.01 37 5.01%
4 Morgan Stanley 5,742.05 51 4.60%
5 Credit Suisse 5,215.40 58 4.18%

Bookrunners of Asia (ex-Japan) G3 DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 22 Jul 2014
1 Citi 19,772.25 99 0.00%
2 HSBC 17,265.62 107 0.00%
3 JPMorgan 15,826.06 78 0.00%
4 Bank of America Merrill Lynch 12,398.56 71 0.00%
5 Deutsche Bank 11,933.95 59 0.00%

Asian polls & awards

  • Asiamoney Best Domestic Bank Awards 2014: Malaysia

    Every year we choose the outstanding bank, equity brokerage and debt house from each major Asia country. In Malaysia, Public Bank's stability and profitability underpin its credentials, while CIMB dominates capital market activity.

  • Asiamoney Best Domestic Bank Awards 2014: Indonesia

    Each year we choose the leading bank, equity brokerage and debt house in each major country in Asia. In Indonesia, Bank Rakyat Indonesia stands out for its stability and microfinancing, while Mandiri Sekuritas leads for equity and bond services.

  • Asiamoney Best Domestic Bank Awards 2014: Japan

    Each year we choose the best bank, equity brokerage and debt house in every major Asian country. In Japan Seven Bank's vibrant ATM business stands out, Nomura remains uncontested for equity coverage and Mizuho's debt business stays strong.

  • Asiamoney Best Domestic Bank Awards 2014: Hong Kong

    Every year Asiamoney reveals which bank, equity brokerage and debt house stands as the most impressive in each major Asian market. In Hong Kong, HSBC rises above all rivals for banking, equities and bonds.

  • Asiamoney Best Domestic Bank Awards 2014: India

    Every year Asiamoney awards the leading local bank, equity house and debt brokerage in each leading regional country. In India Axis Bank's momentum takes it past flagging market leader HDFC and its bond operations also stand out, while Kotak Mahindra impresses in equities.

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