• Nan Hai Corp goes it alone for new bond

    China’s Nan Hai Corp has mandated two firms to work on a dollar-denominated deal, its third outing of the year but its first without a standby letter of credit (SBLC).

    • 22 Sep 2017
  • Updated: Tianjin Real Estate eyes $100m from debut

    Tianjin Real Estate Group Co is looking to raise $100m from a 4.5% bond on Friday, the lone Asian issuer to announce a transaction.

    • 22 Sep 2017
  • China’s high yield issuers face unrelenting battle with NDRC

    It has been a tough year for Chinese issuers as they battle with the National Development and Reform Commission (NDRC) to get go-aheads for offshore bond sales. But the regulator’s snail-like approval process appears to be crawling to a near standstill ahead of the National Congress of the Communist Party, leaving bankers befuddled about what to expect for the rest of the year. Morgan Davis reports.

    • 21 Sep 2017
  • Sunshine counts on anchors for refinancing

    Investors familiar with Sunshine 100 China Holdings’ credentials shrugged off a recent ratings downgrade to gobble up its new $235m bond, which will allow the company redeem a note coming due imminently.

    • 21 Sep 2017
  • Sunshine tackles refi needs with new bond

    Property developer Sunshine 100 China Holdings, rated CCC+ by S&P and B- by Fitch, is taking bids for a new dollar bond, in a bid to address its looming debt maturity.

    • 20 Sep 2017
  • KWG goes tight on $250m comeback

    Chinese property developer KWG Property Holding grabbed a modest $250m on Monday from a transaction sealed at an ultra-tight price.

    • 19 Sep 2017
  • Reverse enquiry shores up Tianjin Lingang’s debut

    China’s Tianjin Lingang Investment Holding Co grabbed $260m from an open-and-shut debut deal on Friday, which was driven by reverse enquiry.

    • 18 Sep 2017
  • KWG builds year’s second dollar outing

    Chinese developer KWG Property Holding is back in the dollar debt market just six months after raking in $400m from a five and a half year bond.

    • 18 Sep 2017
  • Jackpot! Wynn Macau wins $1.35bn from bonds

    Wynn Macau raised $1.35bn from the bond market on Wednesday, finding support from both Asian and US investors thanks to a turnaround story in the Macau gaming industry and the issuer’s improved financials.

    • 14 Sep 2017
  • CSI lands easy $200m from senior perp

    CSI Properties printed a $200m bond on Wednesday for refinancing purposes. The leads were not short on comparables given that several of the issuer’s developer peers have sealed similar transactions so far in 2017.

    • 14 Sep 2017
  • Sino-Ocean entices investors with hybrid deal

    Sino-Ocean Group Holdings leveraged on its stronger sales performance and credit metrics to storm into the debt market on Tuesday, showing that it has put a short but tumultuous period behind it.

    • 13 Sep 2017
  • CSI Properties, CNLP hit up dollar investors

    CSI Properties and China Logistics Property (CNLP) are in the thick of the dollar debt market this week, with the former gauging interest for a perpetual deal, and the latter boosting its coffers with a tap.

    • 13 Sep 2017
  • Wynn Macau rolls out new dual-trancher

    Wynn Macau, a unit of casino giant Wynn Resorts, announced a two-tranche bond on Wednesday, part of a $1.35bn outing to redeem its outstanding 2021s.

    • 13 Sep 2017
  • Softbank ‘fascinates’ HY market with €4.75bn bond splurge

    Japanese telecoms company SoftBank has done it again. On Tuesday, it replicated its 2015 success of a €4.5bn bond issued outside of the US high yield market with a new €4.75bn issue.

    • 12 Sep 2017
  • Sino-Ocean serves up subordinated dollar perp

    Sino-Ocean Group Holdings began marketing a new subordinated deal on Tuesday morning, returning to the dollar bond market after a gap of more than two years.

    • 12 Sep 2017
  • Shorting Australia and securitization for MDBs: ideas from Sustainable Capital Markets Forum

    Two hundred delegates gathered in Amsterdam on Tuesday September 5 for Euromoney Conferences’ fifth Sustainable and Responsible Capital Markets Forum. For the second time, it was organised jointly with GlobalCapital.

    • 11 Sep 2017
  • Sun Hung Kai ready to boost 2022s with tap

    Hong Kong’s Sun Hung Kai & Co returned to the market on Monday morning, looking to add to its $400m 2022s sold at the end of August.

    • 11 Sep 2017
  • SoftBank to tap bustling European HY for jumbo refi

    SoftBank, the Japanese telecoms and technology group, received the highest speculative grade ratings for its potential new bond deal on Friday. It will aim at repeating its notable success in the European high yield market in 2015

    • 08 Sep 2017
  • China's Jutal eyes short-dated dollar debut

    Short dated bonds appear to be making a comeback, with Jutal Offshore Oil Services receiving approval from its board for a 364 day dollar-denominated note.

    • 08 Sep 2017
  • China Aoyuan rides on strong growth with 10x covered deal

    China Aoyuan Property Group took advantage of an improvement in its credit metrics and a recent ratings upgrade to return to the debt market for the second time this year, netting its targeted $250m in the process.

    • 07 Sep 2017
  • Unrated Lai Sun builds $400m bond in busy market

    Lai Sun Development Company beat competition on Wednesday to nab $400m from a bond, managing to price inside the levels achieved by other unrated Hong Kong names recently.

    • 07 Sep 2017
  • GlobalCapital Sustainable and Responsible Capital Markets Awards 2017: the Winners

    France, Tennet, NWB and Berlin Hyp are among the green and social bond issuers acclaimed in GlobalCapital's Sustainable and Responsible Capital Markets Awards 2017, which were announced on Tuesday in Amsterdam.

    • 06 Sep 2017
  • Ayala set to break 14-year dollar bond hiatus

    Philippine conglomerate Ayala Corp is set for a dollar bond comeback as it markets a fixed-for-life deal, bringing to an end a 14-year absence from the international debt market.

    • 06 Sep 2017
  • China Aoyuan, Lai Sun seek post-summer deals

    Action in Asia ex-Japan’s offshore bond market picked up on Wednesday, with property developers from Greater China announcing new transactions.

    • 06 Sep 2017
  • Indonesia's Spindo ready for dollar market plunge

    Steel Pipe Industry of Indonesia (Spindo) is courting investors in Asia and Europe this week, in pursuit of its first international dollar bond.

    • 04 Sep 2017
  • India's HT Global makes comeback for dollar tap

    India’s HT Global IT Solutions Holdings is returning to the dollar market for a tap of its debut notes sold last summer.

    • 04 Sep 2017

Panda Bonds Top Arrangers

Rank Arranger Share % by Volume
1 Bank of China (BOC) 28.78
2 CITIC Securities 22.01
3 China CITIC Bank Corp 10.16
4 Industrial and Commercial Bank of China (ICBC) 7.90
4 Everbright Securities 7.90

Bookrunners of Asia-Pac (ex-Japan) ECM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 CITIC Securities 9,843.07 61 5.75%
2 Goldman Sachs 8,791.82 40 5.13%
3 China International Capital Corp Ltd 8,175.96 42 4.77%
4 UBS 7,533.78 55 4.40%
5 Citi 7,277.56 50 4.25%

Bookrunners of Asia Pacific (ex-Japan) G3 DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 27,049.63 178 8.43%
2 Citi 23,096.66 145 7.20%
3 JPMorgan 20,336.44 114 6.34%
4 Bank of America Merrill Lynch 15,766.30 85 4.91%
5 Standard Chartered Bank 13,949.71 104 4.35%

Asian polls & awards

  • GlobalCapital Asia Regional Capital Market Awards 2017

    GlobalCapital Asia is pleased to invite pitches for our annual regional capital markets and investment banking awards, rewarding the most impressive transactions and investment bank franchises of 2017.

  • GlobalCapital Sustainable and Responsible Capital Markets Awards 2017: the Winners

    France, Tennet, NWB and Berlin Hyp are among the green and social bond issuers acclaimed in GlobalCapital's Sustainable and Responsible Capital Markets Awards 2017, which were announced on Tuesday in Amsterdam.

  • Sustainable and Responsible Capital Markets Awards: the Nominations

    GlobalCapital is happy to announce the nominations for its Sustainable and Responsible Capital Markets Awards 2017.

  • 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.