• Compliance: Not the friend you want but one you need

    One month from the US regulator fining the New York unit of Mega International Commercial Bank, Taiwanese lenders are feeling the pressure and facing an unprecedented level of scrutiny on their existing loan books. But the extra paperwork should be viewed as a minor inconvenience with long-term benefits.

    • 11:00 AM
  • SBI on a hat-trick as it mandates for $750m

    State Bank of India is getting ready to pick banks for a $750m refinancing, even as it is in the process of wrapping up an increased $500m syndicated facility.

    • 24 Oct 2016
  • “Hunger Games” begin for Reliance $1.75bn loan

    India’s Reliance Industries has asked banks to submit proposals for a new loan to replace a $1.75bn borrowing signed in November 2013.

    • 24 Oct 2016
  • Syndicate to widen as Malaysia EPF £259m loan opens

    A five year loan for a subsidiary of Employees Provident Fund of Malaysia has entered syndication, three months after the leads were chosen.

    • 19 Oct 2016
  • Invitations out for Universal Robina A$500m acquisition loan

    Syndication is under way for a A$500m ($380m) five year facility to support Philippine consumer food and beverage company Universal Robina Corp’s acquisition of Snack Brands Australia.

    • 18 Oct 2016
  • China Universal to exit with bigger RMB borrowing

    China Universal Leasing, which had initially invited banks to a Rmb1bn ($150.5m) onshore loan, is considering boosting the size of the facility following a good response during syndication.

    • 18 Oct 2016
  • BAC International launches $75m borrowing

    Panama-based BAC International Bank is looking to Asia for a $75m three year borrowing, via two lead banks.

    • 17 Oct 2016
  • Retail lenders get just 1/3 of Tencent $3.5bn Supercell loan

    A $3.5bn dual-tranche borrowing to back Tencent Holdings' acquisition of a stake in mobile gaming company Supercell, has been allocated. Three Chinese mandated lead arrangers and bookrunners held on to 60% of the loan at the end of general syndication.

    • 14 Oct 2016
  • HKBN moves quickly to refinance HK$4.1bn

    Hong Kong Broadband Network has returned to the market after just seven months to refinance its outstanding loans. The steady downtrend in pricing for high grade borrowers prompted the move.

    • 14 Oct 2016
  • Opportunistic FIG borrowers bring respite

    An increase in fundraising from financial institutions this year has helped an otherwise sluggish Asia ex-Japan syndicated loan market, as borrowers have found opportunistic windows to cut costs and extend maturities. But as corporate credit growth has slowed, bankers are sceptical about business prospects from the FIG sector, writes Shruti Chaturvedi.

    • 13 Oct 2016
  • Hesteel extracts $150m loan with Sinosure guarantee

    Hesteel Hong Kong Corp, part of China’s Hesteel Group, is seeking liquidity for a $150m three year bullet in the offshore loan market.

    • 12 Oct 2016
  • Intas $769m acquisition loan heading for syndication

    An acquisition financing to back Indian company Intas Pharmaceuticals’ purchase of a portfolio of assets in the UK and Ireland is due to hit syndication soon. The loan is expected to be one of the first big ticket trades to be booked partly out of India’s international financial services centre, Gift City.

    • 12 Oct 2016
  • GAIL fires up $300m refinancing via three

    Gas Authority of India (GAIL) has rolled a $300m refinancing into general syndication through three mandated lead arrangers and bookrunners.

    • 11 Oct 2016
  • Details emerge on ADCB's $300m Asia loan

    Abu Dhabi Commercial Bank (ADCB), which is seeking a $300m loan from Asian lenders, is offering four participation tickets with details on the levels now available.

    • 11 Oct 2016
  • Appetite for longer tenor falls in Trafigura’s reduced Asian loan

    Trafigura’s latest Asian-focused loan syndication has grown in syndication, from $1.4bn to $1.665bn, but is more skewed to shorter maturities and dollar funding than the deal it replaces.

    • 07 Oct 2016
  • Mega scandal brews trouble for Taiwanese lenders

    A recent fine by US regulators on the New York branch of Mega International Commercial Bank has led to demands for overseas branches of Taiwanese lenders to collect more comprehensive information about their clients. This is causing fears that the credit approval process for syndicated loans will lengthen, while banks will also find it tricky to lend to smaller borrowers. Shruti Chaturvedi reports.

    • 06 Oct 2016
  • Yingda International reissues loan at $250m

    Yingda International Leasing has issued modified terms for its latest loan, following a change in ownership.

    • 03 Oct 2016
  • China Universal nets 14 for onshore Rmb1bn

    Over a dozen banks have committed to join China Universal Leasing’s Rmb1bn ($150.5m) onshore loan.

    • 03 Oct 2016

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%