Asian banks have caught the capital bug and are issuing Basel III debt in both G3 and local currencies. But the region’s fragmented regulatory regime and the unprecedented funding needs of Chinese banks present a challenge for issuers and investors.

China & Hong Kong

  • NCB boosts capital with $1.2bn AT1

    Nanyang Commercial Bank added $1.2bn to its coffers on Thursday with an additional tier one bond, managing to price its deal close to fair value.

    • 26 May 2017

China & Hong Kong

  • BEA AT1 met with investor enthusiasm

    Bank of East Asia wrapped up a new Basel III additional tier one deal on Thursday, applying the lessons it learnt from its previous subordinated note outing.

    • 12 May 2017

South & Southeast Asia

  • Many firsts for HSBC’s S$1bn CoCo perp

    HSBC Holdings stormed into the Singapore dollar bank capital market on June 1 with a S$1bn ($722m) additional tier one that notched up a number of firsts, as the issuer took advantage of the liquidity and stability of the currency.

    • 02 Jun 2017

Australia, Japan & Korea

  • Korea’s Woori finds window for third AT1

    South Korea’s Woori Bank sealed its third Basel III additional tier one deal on Monday, raising $500m just before the country held its long-awaited presidential election.

    • 11 May 2017

Comment

  • Indian AT1s: not at any price

    The prospect of the first international bank capital trade from India is closer with State Bank of India on the road this week for a dollar-denominated additional tier one. While it has picked a good window, it needs to get the pricing right or risk derailing the rest of the market.

    • 13 Sep 2016

Panda Bonds Top Arrangers

Rank Arranger Share % by Volume
1 CITIC Securities 34.81
2 China Merchants Bank Co 20.57
3 Bank of China (BOC) 17.41
3 China CITIC Bank Corp 17.41
5 Industrial and Commercial Bank of China (ICBC) 7.91

Bookrunners of Asia-Pac (ex-Japan) ECM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 21 Jun 2017
1 China International Capital Corp Ltd 7,142.62 32 6.46%
2 CITIC Securities 7,084.43 35 6.40%
3 Goldman Sachs 5,862.83 22 5.30%
4 UBS 5,062.96 30 4.58%
5 China Securities Co Ltd 4,866.64 27 4.40%

Bookrunners of Asia Pacific (ex-Japan) G3 DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 27 Jun 2017
1 HSBC 19,938.69 118 9.07%
2 Citi 16,808.70 104 7.65%
3 JPMorgan 13,390.83 70 6.09%
4 Standard Chartered Bank 10,870.64 72 4.95%
5 Bank of America Merrill Lynch 9,966.76 53 4.54%

Asian polls & awards

  • RMB internationalisation: 10 questions for the market, part 2

    Every year, our sister publication Asiamoney carries out an Offshore RMB Poll. As part of that process, the magazine asks the market for its thoughts on important renminbi topics. In this third year, we received around 2,300 valid responses, up 3% on a year ago. The ten questions included a new one on the inclusion of onshore RMB assets in global indices. Here we present the answers to the final five questions.

  • RMB internationalisation: 10 questions for the market, part 1

    Every year, our sister publication Asiamoney carries out an Offshore RMB Poll. As part of that process, the magazine asks the market for its thoughts on important renminbi topics. In this third year, we received around 2,300 valid responses, up 3% on a year ago. The ten questions included a new one on the inclusion of onshore RMB assets in global indices. Here we present the answers to the first five questions.

  • Made in China: The best banks and deals of 2016

    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.

  • Asia’s standout deals

    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.

  • Aussie award winners: The best banks and deals of 2016

    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.