The GlobalCapital Asia View
The performance of the Asia bond market over the past couple of weeks, despite the macro moves elsewhere, has shown that it can drive forward independently of events in the west. With European and US political volatility waiting in the wings, Asian DCM’s self-sufficiency bodes well.
The cloud hanging over South Korea’s financial markets has been lifted after the country’s president Park Geun-Hye was ordered to resign her office last week, impeached following a six month influence peddling scandal involving her close friend Choi Soon-Sil.
When the Reserve Bank of India brought in guidelines that forced borrowers to hedge shorter-dated debt in a bid to encourage longer-term financing, it was met with an outcry about the feasibility of such a plan. But now that Power Finance Corp is out for a 10 year borrowing and set to receive a strong reception, it appears the central bank’s tough stance is paying off.
Trading a currency on screen, day in and day out, is not the same as understanding it in real life, as one forex banker just found out to his cost in Tokyo.
Hong Kong’s expat bankers have perfected the art of a post-party client meeting. And they are now showing the rest of the world how, as a young friend of mine just proved on a business trip to Sydney.
I am a man of simple pleasures these days, happy to sit in my local with a pint of ale watching football — or if I’m catching up with some chums, a glass of whisky.
Former ECM banker Philippe Espinasse dissects Asia's equity capital markets.
The CEO of HKEX may be keen for Saudi Aramco to list in Hong Kong but as our columnist Clawback explains, there are more reasons for the Saudi oil giant to bypass the city’s exchange than to pick it for a listing.
The filing of form S-1, the draft registration statement for the proposed $3bn New York IPO of Snap, the $25bn parent company of messaging app Snapchat, was full of surprises — not all of them good for investors. If anything, it also showed that Hong Kong will, most likely, never be able to compete with the US exchanges when it comes to listing unicorns, writes our columnist Clawback.
Buying Panmure Gordon may not be the Bob Diamond comeback that everyone was clamouring for, but it could mark the first step in the formation of a non-bank financial player in the mould of Cantor Fitzgerald, writes David Rothnie.
Barclays has its tail up in the Americas, where its corporate finance business is in "better shape than ever" and it's ahead of the European pack. Now it has to square up to the likes of Goldman Sachs and Morgan Stanley, writes David Rothnie.
More from Asia
- Aussie award winners: The best banks and deals of 2016
- Indonesia shatters record with new dual tranche sukuk
- Indonesia offers up dual tranche sukuk
- Indonesia readies annual sukuk outing
- Zheshang Bank scores $2.175bn AT1 with debut deal
- Bond triumph proves Korea can’t be stopped by scandal
- Smooth sailing for Shinhan's $500m five year deal
- SBI, HDFC plot offshore fundraisings
- Ghose aims to double Investcorp debt fund
- Green securitization: an answer to several prayers
- CréditAg's $3bn capital deal starts green ABS race
- FRNs capture issuers’ fancy as rate hike looms
- Yes Bank boosts QIP to land $750m
- MSCI slashes weighting in fresh A-share inclusion attempt
- Made in China: The best banks and deals of 2016
- Asia’s standout deals
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Panda Bonds Top Arrangers
|Rank||Arranger||Share % by Volume|
|1||Bank of China (BOC)||18.01|
|3||Agricultural Bank of China (ABC)||10.59|
|5||Industrial and Commercial Bank of China (ICBC)||6.36|
Bookrunners of Asia-Pac (ex-Japan) ECM
|Rank||Lead Manager||Amount $m||No of issues||Share %|
|2||China International Capital Corp Ltd||4,059.80||9||9.06%|
|3||China Securities Co Ltd||3,263.99||17||7.29%|
|5||Haitong Securities Ltd||2,935.93||18||6.56%|
Bookrunners of Asia Pacific (ex-Japan) G3 DCM
|Rank||Lead Manager||Amount $m||No of issues||Share %|
|5||Standard Chartered Bank||4,121.95||27||4.30%|
Asian polls & awards
You know who won, now find out why. GlobalCapital Asia and Asiamoney present the extended results of our 2016 China Deals and Investment Bank of the Year awards, recognising achievement both on and offshore.
GlobalCapital Asia and Asiamoney present the extended results for our 2016 Best Country Deals. Discover why these bond, equity and loan transactions delivered outstanding outcomes for issuers and investors.
The names have been announced, now find out why they stood out from the crowd. GlobalCapital Asia and Asiamoney present the extended results for our 2016 Australia Deals and Investment Bank of the Year awards, recognising achievement in equities, bonds, loans and investment banking.
Asiamoney held its New Year Awards Dinner at the Conrad Hotel in Hong Kong on February 22, 2017, where issuers, bankers, brokers and analysts gathered to celebrate the achievements of those who were top-ranked in Asiamoney polls in 2016 or who had won deal or bank awards.
GlobalCapital Asia held a New Year drinks and awards reception at Le Bistro Winebeast in Hong Kong on February 15, 2017. Below is a selection of the best photos from the night. Our thanks to all who attended.