• Nan Fung hits price and size goals

    Nan Fung International Holdings managed to get the best of both worlds on Monday, finding the ideal price for its bond while also bagging a size within its target.

    • 11:00 AM
  • Secondary rally helps Shougang price tight

    Chinese steel maker Shougang Group Co took advantage of an impressive rally in its outstanding notes to bag a new bond on Monday, with a strong peak order book of $4bn allowing it to slash pricing substantially.

    • 09:15 AM
  • Shougang, Yuzhou take bids for bonds

    Chinese steel company Shougang Group Co is returning to the dollar debt market with a new five year bond, while Yuzhou Properties Company is drumming up interest for its debut senior perpetual transaction.

    • 25 Sep 2017
  • Nan Fung builds support for dollar bond

    Nan Fung International Holdings began marketing a new dollar bullet on Monday morning, the property developer’s second international bond this year.

    • 25 Sep 2017
  • Cromwell Reit pulls €739m Singapore IPO

    Cromwell European Real Estate Investment Trust has cancelled its potential €738.8m listing on the Singapore Exchange due to market conditions, after first trying to get past the finish line with a smaller offering.

    • 22 Sep 2017
  • Postal Savings smashes records with $7.25bn AT1

    Postal Savings Bank of China Co’s $7.25bn Basel III additional tier one bond from Thursday was one for the books, breaking numerous records with its size and price, while navigating around a downgrade of the sovereign.

    • 22 Sep 2017
  • CapitaLand preps S$1.8bn fundraise for acquisition

    CapitaLand Commercial Trust Management is looking to raise S$1.82bn for its acquisition of Asia Square Tower 2 through a combination of debt and equity.

    • 21 Sep 2017
  • Kexim keeps Singapore investors engaged with bond

    Export-Import Bank of Korea decided to woo Singapore dollar bond investors with its latest debt deal, and not only expanded its relationships with local currency accounts but also offered them some welcome diversification.

    • 21 Sep 2017
  • Postal Savings Bank aims for record AT1

    Postal Savings Bank of China Co launched its highly anticipated additional tier one dollar bond on Thursday, seeking a whopping $7bn from what could be the world’s largest AT1.

    • 21 Sep 2017
  • SP PowerAssets pierces curve with new deal

    Singapore power company SP PowerAssets grabbed $600m on Tuesday from a tightly priced investment grade bond that reset its debt curve.

    • 20 Sep 2017
  • Kexim goes to Lion City for Sing dollar bond

    The Export-Import Bank of Korea is continuing the deluge of South Korean issuers venturing offshore, marketing a Singapore dollar transaction on Wednesday morning.

    • 20 Sep 2017
  • Mercuria prepares annual loan market visit

    Swiss energy and commodities trader Mercuria is looking to raise $850m from a triple-tranche facility that was launched earlier this week.

    • 19 Sep 2017
  • BPRL reaches out for $400m dual-tranche loan

    Bharat Petroleum Corp’s offshore unit launched a $400m dual-tranche term loan into general syndication on Tuesday evening.

    • 19 Sep 2017
  • SP PowerAssets lights up rare dollar bond

    Singapore power company SP PowerAssets began marketing a rare dollar transaction on Tuesday morning, nearly two years after it last hit the offshore debt market.

    • 19 Sep 2017
  • Shougang pursues dollar bond sale

    Chinese steel company Shougang Group Co has mandated banks to lead a roadshow this week ahead of a proposed dollar bond.

    • 18 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
  • Keppel-KBS gear up for Singapore Reit IPO

    Singapore’s Keppel Corp, together with US-based KBS Realty Advisors, is preparing to list a real estate investment trust in the southeast Asian country, backed by commercial properties in the US.

    • 15 Sep 2017
  • Mapletree Logistics prices block high to net S$354m

    Mapletree Logistics Trust sealed an accelerated bookbuild at the top of guidance on Wednesday, raising S$353.5m ($261.8m) from the first step of a two-pronged equity raise to fund the acquisition of a Hong Kong warehouse.

    • 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
  • GLP’s $4.1bn LBO facility opens for retail participation

    A chunky $4.108bn leveraged buyout financing, for the acquisition of Global Logistic Properties by a consortium of Chinese investors, has entered into general syndication.

    • 14 Sep 2017
  • Postal Savings Bank hits the road for new AT1

    Postal Savings Bank of China Co has mandated 21 banks to work on a dollar AT1 transaction worth up to Rmb50bn ($7.4bn), expected to hit the market as early as next week.

    • 14 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
  • Asia, US safeguard BOC Aviation’s $1bn dual trancher

    BOC Aviation landed safely with its dual-tranche bond on Monday, pricing both the $500m portions inside its curve. While participation from US investors was significant, Asian accounts were still the price leaders, helping the issuer keep its costs low, said bankers.

    • 12 Sep 2017
  • Cromwell Reit opens books for €903m Singapore IPO

    Cromwell European Real Estate Investment Trust launched bookbuilding on Monday for a €902.9m ($1.08bn) listing on the Singapore Exchange, a move in line with the parent’s diversification strategy.

    • 11 Sep 2017
  • Back for more: BOC Aviation soars for new dual-trancher

    BOC Aviation took off with its first dollar-denominated dual-tranche offering on Monday, marking a rapid return to the international debt market this year.

    • 11 Sep 2017
  • HK-China Green Bond Connect plans divide market opinion

    The Climate Bonds Initiative (CBI) said it is working with Hong Kong’s stock exchange to launch Green Bond Connect, an initiative to help Bond Connect investors identify Chinese bonds that meet international green standards. But market participants are divided on whether such an initiative is necessary. Noah Sin reports.

    • 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
  • GLP launches $4.1bn LBO into senior

    The loan backing Global Logistic Properties’ (GLP) leveraged buyout by a consortium of Chinese investors has been launched into senior syndication at a smaller size of $4.108bn, said bankers arranging the financing.

    • 07 Sep 2017
  • Chailease allocates $250m 3yr on strong demand

    Chailease International Finance Corp has sealed a $250m term loan after obtaining more funds than initially planned, in its second outing to the market this year.

    • 07 Sep 2017
  • ONGC Videsh gets one taker for $844m loan

    ONGC Videsh (OVL) has closed its dual currency $844m equivalent loan with just one lender joining the dollar tranche in syndication, said a banker who arranged the borrowing.

    • 06 Sep 2017
  • Allotments out for Adira Dinamika's bigger $250m loan

    Adira Dinamika Multi Finance has signed up lenders to a $250m borrowing, following a good run in general syndication that allowed the company to hike the loan.

    • 05 Sep 2017
  • Mapletree Logistics eyes $472m from block, rights

    Mapletree Logistics Trust will fund its acquisition of a Hong Kong warehouse with a S$640m ($471.5m) dual tranche equity raise, following in the footsteps of its sister unit last year, as well as with debt.

    • 05 Sep 2017
  • Manulife Reit eyes fundraise for Jersey tower buy

    Manulife US Real Estate Investment Trust is looking to raise $208m from a rights offering to finance its acquisition of an office building in New Jersey.

    • 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 9,844.12 61 5.72%
2 Goldman Sachs 8,917.11 41 5.18%
3 China International Capital Corp Ltd 8,175.96 42 4.75%
4 UBS 7,685.32 56 4.46%
5 Citi 7,312.18 51 4.25%

Bookrunners of Asia Pacific (ex-Japan) G3 DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 27,168.39 180 8.38%
2 Citi 23,134.16 146 7.14%
3 JPMorgan 20,417.69 115 6.30%
4 Bank of America Merrill Lynch 15,766.30 85 4.87%
5 Standard Chartered Bank 14,043.71 105 4.33%

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.