• Xinhu Zhongbao snaps up $700m from debut

    Xinhu Zhongbao Co became the latest dollar issuer to benefit from a conducive market backdrop this week, pricing a $700m bond — the largest high yield property transaction in recent times.

    • 10:45 AM
  • Dollar deals flood into Asia market

    The Asia debt market saw a fresh rush of dollar deals on Wednesday, with property names China Jinmao Holdings Group and Xinhu Zhongbao, as well as Singapore’s United Overseas Bank launching new deals.

    • 22 Feb 2017
  • United PV hits annual fundraising limit with $100m tap

    Chinese solar power company United Photovoltaics Group grabbed investors on Monday for a $100m tap of its debut notes, managing to hit its approved $350m fundraising cap.

    • 21 Feb 2017
  • Chinese corps test investor appetite for new deals

    Citic and Xinyuan Real Estate are out with their respective bonds on a busy Tuesday in the dollar debt market, as China Jinmao Holdings Group also announces a tender plus new issue as part of its liability management.

    • 21 Feb 2017
  • China's United PV opens tap for more dollars

    Chinese borrower United Photovoltaics Group is back in the dollar debt market for more, opening a tap of its debut three year notes on Monday morning.

    • 20 Feb 2017
  • Xinhu Zhongbao woos investors for maiden outing

    Chinese real estate developer Xinhu Zhongbao Co is looking for a window for its inaugural international outing, with a roadshow set to take place next week.

    • 17 Feb 2017
  • Chinese corps seek NDRC blessing for offshore debuts

    China Forestry Group Corp and local government financing vehicles from Xinyi and Tieling are among the issuers waiting for a green light from the National Development and Reform Commission to sell foreign currency debt.

    • 17 Feb 2017
  • Fortune may prove fickle for Chinese real estate

    Chinese high yield property issuers have shown that they have investors in the palms of their hands, taking advantage of accounts’ hunger for yield to price deals at levels that would have been impossible a few months ago. But as more property companies face refinancing needs and investors spend their cash, borrowers will need to adapt to a tougher pricing environment.

    • 16 Feb 2017
  • Hello, world! Qinghai Investment debuts with $300m

    Chinese state-owned Qinghai Provincial Investment Group Co sealed its inaugural dollar bond on a quiet day in Asia DCM, bagging $300m from an over 8x subscribed transaction. But pricing was somewhat constrained by the country's weak aluminium sector.

    • 16 Feb 2017
  • China’s Xinyuan lays foundation for dollar return

    Xinyuan Real Estate is drumming up interest for its first international bond of the year, hiring seven firms to work on a Reg S transaction.

    • 16 Feb 2017
  • Ronshine nails additional $225m from tap

    Ronshine China Holdings took advantage of the positive market sentiment on Tuesday to grab an additional $225m from a tap of its debut 2019s, reversing the rocky reception received for the original notes.

    • 15 Feb 2017
  • Qinghai Investment digs inaugural dollar bond

    Chinese state-owned enterprise, Qinghai Provincial Investment Group Co, opened books for a Reg S transaction on Wednesday morning.

    • 15 Feb 2017
  • Road King drives investors hard for $300m

    Chinese toll road operator and property developer Road King Infrastructure took advantage of investor desire for high yielding paper on Monday, offering a rare perpetual, fixed for life deal that still attracted a book that was more than 15 times subscribed.

    • 14 Feb 2017
  • Greater China names unleash deals into Monday market

    The Greater China debt market started the week in full force, with Bank of Communications, ICBC and Road King Infrastructure opening books on Monday.

    • 13 Feb 2017
  • Future Land collects cash deluge from HY investors

    Future Land Development Holdings’ new three year notes garnered massive investor interest for a $350m capped deal, as Chinese property names benefit from market support.

    • 10 Feb 2017
  • China Singyes lights up market with $260m senior debut

    China Singyes Solar Technologies Holdings sealed its debut dollar bond on Wednesday after pricing was tightened by an impressive 55bp. Strong market conditions, a familiar name and the deal’s structure played well together for the unrated trade, reckon market participants.

    • 09 Feb 2017
  • Pakuwon Jati stirs investor interest in Indonesian property

    Indonesian real estate developer Pakuwon Jati fed off investors’ desperation for paper, pricing a tight $250m seven non call four on Wednesday on a book more than four times subscribed.

    • 09 Feb 2017
  • Future Land Development surges into market

    Future Land Development Holdings is hunting for $350m from a new three year note launched on Thursday morning, with pricing tightened aggressively at the end of the day.

    • 09 Feb 2017
  • Rusal plans Russia’s first Panda bond

    Russian aluminium producer Rusal has registered a prospectus on the Shanghai Stock Exchange for a Rmb10bn ($1.5bn) seven year Panda bond programme, the company said on Wednesday.

    • 09 Feb 2017
  • The 2017 dim sum bond disappearing act

    The offshore renminbi market is set for another year of pain with new issuance predicted to fall by as much as 30% in 2017, according to HSBC’s February dim sum tracker report.

    • 09 Feb 2017
  • Pakuwon Jati peeks into dollar market

    Indonesia’s Pakuwon Jati was back in the international market on Wednesday after a nearly three year hiatus, looking to grab enough funds to redeem its existing 2019s.

    • 08 Feb 2017
  • China Singyes shines light on inaugural transaction

    China Singyes Solar Technologies Holdings has become the latest energy name to venture out to the Asian debt market, taking bids for its debut dollar bond on Wednesday.

    • 08 Feb 2017
  • Buma quells investor concerns to raise $350m

    Bukit Makmur Mandiri Utama (Buma), which services Indonesia's coal industry, pulled in an impressive $2.2bn book for a $350m bond this week, after taking care to meet investors and address their concerns about its relationship with defaulted miner Berau Coal.

    • 07 Feb 2017
  • Neerg Energy powers up green bond with unique structure

    India’s Neerg Energy sold a $475m green bond on Monday — the second green dollar transaction from Asia this year. The deal introduced a new structure to the market, but investors’ concerns were allayed by the issuer’s robust credit story.

    • 07 Feb 2017
  • Asian power companies turn to dollar investors

    Power companies were at the forefront of the international market on Monday, with India’s Neerg Energy and Indonesia’s Bukit Makmur Mandiri Utama launching high yield dollar deals.

    • 06 Feb 2017
  • China Singyes to roadshow for maiden dollar bond

    China Singyes Solar Technologies Holdings is eyeing its inaugural dollar bond, hiring six banks to work on the senior unsecured transaction.

    • 06 Feb 2017
  • Climate impacts are here, get ready for 3C warming, warns Cicero

    Cicero, the climate research institute at Oslo University, has produced a report to help investors work out where they face risks from climate change, with red, orange and yellow flags for the severity and immediacy of threats.

    • 03 Feb 2017

Panda Bonds Top Arrangers

Rank Arranger Share % by Volume
1 Bank of China (BOC) 18.01
2 Everbright Securities 16.95
3 Agricultural Bank of China (ABC) 10.59
4 HSBC 6.99
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 %
  • Last updated
  • 22 Feb 2017
1 China International Capital Corp Ltd 3,764.17 7 11.54%
2 CITIC Securities 2,885.95 10 8.84%
3 Haitong Securities Ltd 2,766.73 16 8.48%
4 Goldman Sachs 2,591.61 5 7.94%
5 China Securities Co Ltd 2,120.55 13 6.50%

Bookrunners of Asia Pacific (ex-Japan) G3 DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 22 Feb 2017
1 HSBC 5,558.78 30 9.86%
2 Citi 5,005.39 21 8.88%
3 JPMorgan 4,564.51 23 8.09%
4 Morgan Stanley 4,198.24 15 7.44%
5 Bank of America Merrill Lynch 3,028.46 14 5.37%

Asian polls & awards

  • Photos of the GlobalCapital Asia New Year Drinks and Awards Reception

    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.

  • 2016 Best Country Deals: Results

    GlobalCapital Asia and Asiamoney are pleased to announce the results of our Best Country Deals, recognising the standout transactions in Asia. Our thanks to everybody who took time to pitch.

  • 2016 China Deals and Investment Bank of the Year: Results

    GlobalCapital Asia and Asiamoney are pleased to announce the results of our annual awards, recognising the best banks and transactions in China. Thanks to everyone who took time to pitch and our congratulations to the winners.

  • 2016 Australia Deals and Investment Bank of the Year: Results

    GlobalCapital Asia and Asiamoney are pleased to announce the results of our annual awards, recognising the best banks and transactions in Australia. Our thanks to everybody who took time to pitch.

  • Asiamoney Best Brands in Finance Poll

    Asiamoney is delighted to announce the launch of the Asiamoney Best Brands in Finance Poll. We want to hear what you, our readers, think makes a top brand among financial market participants in Asia-Pacific — and which companies have the very strongest brands in the markets you know best.