Masala bonds get lifeline with RBI rule tweak

In a fillip to the Masala bond market, Reserve Bank of India is excluding offshore rupee-denominated bonds from the investment limits in corporate debt for foreign portfolio investors, effective October 3.

  • By Addison Gong
  • 25 Sep 2017
Back in July, market regulator Securities and Exchange Board of India (Sebi) suspended the issuance of offshore rupee bonds, as well as foreign subscription of onshore notes, after overall foreign holding of Indian bonds reached 92.7% of the debt limit of Rp2.44tr ($37.9bn), GlobalCapital Asia reported at ...

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Panda Bonds Top Arrangers

Rank Arranger Share % by Volume
1 Bank of China (BOC) 28.62
2 CITIC Securities 21.06
3 China CITIC Bank Corp 9.72
4 China Merchants Bank Co 9.18
5 Industrial and Commercial Bank of China (ICBC) 7.56

Bookrunners of Asia-Pac (ex-Japan) ECM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 CITIC Securities 16,563.38 88 6.19%
2 UBS 14,474.27 89 5.41%
3 Morgan Stanley 12,702.49 63 4.75%
4 China International Capital Corp Ltd 12,309.31 58 4.60%
5 Goldman Sachs 12,014.24 62 4.49%

Bookrunners of Asia Pacific (ex-Japan) G3 DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 35,355.30 248 7.98%
2 Citi 34,469.67 197 7.78%
3 JPMorgan 26,213.80 145 5.91%
4 Bank of America Merrill Lynch 21,812.93 113 4.92%
5 Standard Chartered Bank 18,550.38 140 4.19%

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