Latest leveraged/non-investment grade loans news

  • Loans bankers pin hopes on India, M&A in Q2

    The first quarter loan syndication numbers for Asia ex-Japan are out and they are not pretty, with volumes plummeting 50% year-on-year. But with some big M&A deals in the works, bankers are bullish about the second quarter and expectations are rising for more activity from China and India.

    • 01:15 PM
  • Cheng exits First Gulf HK amid merger with NBAD

    Mimi Cheng, chief representative of First Gulf Bank in Hong Kong, has left the firm less than a year after taking over the position.

    • 08:15 AM
  • Huiyuan Juice bags €160m from first round

    China Huiyuan Juice Group has sealed a slightly larger than planned syndicated loan of €160m with four banks. A few more lenders are still set to join, which will further bump up the fundraising, according to a source.

    • 29 Mar 2017
  • Shui On Development builds $150m fundraising

    Shui On Development has hit the syndications market for a $150m three year borrowing guaranteed by parent Shui On Land. The firm is the latest name to tap the bond and loan markets in quick succession.

    • 28 Mar 2017
  • Zhongding hikes to €200m with 15-strong syndicate

    Automobile parts maker Zhongding Hong Kong has wrapped up its latest syndicated loan at €200m ($217m), higher than the launch size of €150m, as 14 lenders chipped in.

    • 28 Mar 2017
  • REC Solar beams debut $330m loan into syndication

    High-end solar panel maker REC Solar has approached lenders in Asia for the first time, as it looks to raise up to $330m.

    • 27 Mar 2017
  • Ghose aims to double Investcorp debt fund

    Investcorp, the Bahraini investment house, wants to more than double its leveraged credit portfolio to $25bn, after buying the global debt business from 3i.

    • 23 Mar 2017
  • Banks in talks with Jindal for $760m restructuring

    India’s Jindal Steel and Power (JSPL) is negotiating with lenders to extend maturities on syndicated and bilateral loans worth a total of about $760m, according to sources. With commodity prices having come out of last year’s lows, lenders are thawing to the sector but will continue to approach it with caution, writes Shruti Chaturvedi.

    • 23 Mar 2017
  • Fosun Intl $650m dual-currency refi hits syndication

    Hong Kong-listed Fosun International is back in the syndicated loan market for $650m equivalent to refinance a $800m deal raised two years ago.

    • 23 Mar 2017
  • HCP seeks additional funds with $540m deal

    Cosmetics packaging company HCP Global has approached lenders for a $540m borrowing that will replace a $430m loan sealed last year, according to bankers.

    • 23 Mar 2017

Leveraged/non-investment grade loans news archive

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
  • 29 Mar 2017
1 China International Capital Corp Ltd 5,356.79 16 9.48%
2 CITIC Securities 5,232.10 17 9.26%
3 Goldman Sachs 3,945.14 11 6.98%
4 China Securities Co Ltd 3,295.01 18 5.83%
5 UBS 3,247.40 12 5.75%

Bookrunners of Asia Pacific (ex-Japan) G3 DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 28 Mar 2017
1 HSBC 11,319.02 65 9.80%
2 JPMorgan 8,429.84 42 7.30%
3 Citi 8,325.36 44 7.21%
4 Morgan Stanley 6,988.10 30 6.05%
5 Standard Chartered Bank 5,180.49 30 4.48%

Asian polls & awards

  • 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.

  • Photos from Asiamoney's New Year Awards Dinner 2017

    Asiamoney held its New Year Awards Dinner at the Conrad Hotel in Hong Kong on February 22, 2017, where issuers, bankers, brokers and analysts gathered to celebrate the achievements of those who were top-ranked in Asiamoney polls in 2016 or who had won deal or bank 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.