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Asia


Bonds

  • China papers over cracks with yet more rate cuts

    China cut rates this week for the fifth time since November as it tried to stem the tide of a slowing economy, which has prompted a fire sale across the region’s equities and debt market. But observers are questioning the effectiveness of the cuts, which does not bode well for the pipeline for the rest of 2015, write Narae Kim and Rev Hui.

    • 27 Aug 2015

Equities

  • Pakistan notches milestone with MoU to merge stock exchanges

    Pakistan made history this week with the signing of an agreement to merge its three bourses under the banner of the Pakistan Stock Exchange (PSE). The move is set to transform its nascent equity capital market, as the country seeks to raise its international profile among foreign investors, writes John Loh.

    • 27 Aug 2015

Loans

  • Junior debt comes of age in Korea amid Tesco spin-off

    A large financing for the acquisition of Tesco’s South Korean asset, Homeplus, has created a stir in the market, coming amid a dearth of private equity-backed leveraged deals in Asia. But the role of foreign banks may be limited by abundant onshore liquidity and the presence of domestic funds, which are keen to take on junior debt, writes Shruti Chaturvedi.

    • 27 Aug 2015

People & Markets

  • Former RBS debt bankers find new homes

    Several former bankers from Royal Bank of Scotland have joined new institutions recently, as the UK firm continues to dismantle a large part of its Asia business.

    • 27 Aug 2015

RMB

  • Indonesia and Russia RMB bonds face uphill struggle

    The governments of Indonesia and Russia both signalled earlier this week that they are considering issuing renminbi denominated bonds. If the plans go ahead, these will be the third and fourth RMB deals from a foreign sovereign after the UK and Mongolia governments. However, FX volatility means now is not the best time to pull off a RMB deal.

    • 28 Aug 2015

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1 UBS 18,165.85 78 8.29%
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4 Morgan Stanley 10,969.15 57 5.00%
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Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 25 Aug 2015
1 HSBC 19,488.99 112 9.76%
2 JPMorgan 19,285.46 80 9.66%
3 Citi 18,517.19 95 9.27%
4 Bank of America Merrill Lynch 12,548.76 82 6.28%
5 Deutsche Bank 11,183.84 69 5.60%

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