Latest sovereigns/sub-sovereigns news

  • A 21st century look to global capital markets

    Pakistan’s capital markets are back in business after a few lean years, with M&A deal volume and the Karachi Stock Exchange at record highs, and investors chasing yield in a country now promoted to MSCI ‘emerging market’ status. Rules passing through parliament are expected to underline the country’s reputation as a great place to do business

    • 18 Oct 2016
  • Pakistan seals sukuk at historic low coupon

    The Islamic Republic of Pakistan raised $1bn from a five year sukuk at a record low coupon on Wednesday. The deal affirmed the country’s ability to raise funds from international investors, which are growing more confident about its economic prospects.

    • 06 Oct 2016
  • Credit reforms needed as Panda bonds celebrate birthday

    The Chinese Panda bond market is enjoying plenty of attention, having just passed the one year anniversary of its comeback in September 2015. However, while market participants expect the exuberance to continue, they have called for credit reforms to diversify the investor base.

    • 04 Oct 2016
  • Pakistan plans dual tranche sukuk after two year hiatus

    The Islamic Republic of Pakistan is returning to the international debt market for a dollar sukuk after a gap of two years.

    • 29 Sep 2016
  • Four issuers on the hunt for funds

    A range of credits from India, Malaysia and Greater China stormed the Asian debt market on Thursday, vying for investor attention.

    • 29 Sep 2016
  • Bursa Malaysia targets sov bond futures curve

    Bursa Malaysia has overhauled a range of government securities futures products to create a Malaysian government bond benchmark for local and foreign investors.

    • 19 Sep 2016
  • British Columbia spices up the Masala market

    The Province of British Columbia will dip into the Masala bond market for the first time with a January 2020 bond on Thursday.

    • 31 Aug 2016
  • Poland seals Europe’s inaugural Panda trade

    Poland became the first European country to issue a Panda bond on Thursday, printing a landmark Rmb3bn ($451m) deal. The depreciating renminbi was not enough to put off foreign investors, while the yield pick-up over other sovereign bonds helped ensure a strong order book. Addison Gong reports.

    • 25 Aug 2016
  • S&P slaps Mongolia with second downgrade in a year

    S&P Global Ratings lowered its rating on Mongolia to B- from B, citing the country’s weaker fiscal performance and growth prospects. This is a further blow to the country, which was already downgraded by one notch in November 2015.

    • 22 Aug 2016
  • Shanghai to fulfill RMB ambitions with FTZ bond

    The Shanghai city government announced this week that it is exploring the possibilities of a free trade zone (FTZ) bond as part of China’s broader goal to provide more onshore renminbi products for international investors.

    • 19 Aug 2016

Sovereigns/Sub-sovereigns news archive

Panda Bonds Top Arrangers

Rank Arranger Total Volume Rmb (m) No. of Deals Share % by Volume
1 Bank of China (BOC) 7,500 5 22.26
2 Agricultural Bank of China (ABC) 4,000 2 11.87
2 Everbright Securities 4,000 1 11.87
4 Industrial and Commercial Bank of China (ICBC) 3,500 2 10.39
5 HSBC 3,000 2 8.90

Bookrunners of Asia-Pac (ex-Japan) ECM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 19 Oct 2016
1 CITIC Securities 14,399.87 54 6.41%
2 Morgan Stanley 11,680.45 48 5.20%
3 GF Securities Co Ltd 11,254.82 44 5.01%
4 Deutsche Bank 8,929.93 36 3.97%
5 China Securities Co Ltd 8,568.28 45 3.81%

Bookrunners of Asia Pacific (ex-Japan) G3 DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 11 Oct 2016
1 HSBC 24,211.67 144 4.82%
2 Citi 23,007.32 123 4.58%
3 Bank of America Merrill Lynch 20,229.47 98 4.03%
4 JPMorgan 18,255.12 103 3.63%
5 Goldman Sachs 11,241.68 45 2.24%