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Philippines goes larger on Samurai return

The Republic of the Philippines attracted more investor demand than expected on its return after eight years to the Japanese yen bond market. Its outstanding dollar bonds outperformed in secondary trading as the new deal was being marketed.

  • By Addison Gong
  • 09 Aug 2018

The southeast Asian sovereign last issued a Samurai in February 2010 when it printed ¥100bn of 2.32% 2020 notes with a guarantee from Japan Bank for International Cooperation. Its most recent yen bond sale on a standalone basis was 20 years ago. 

Despite its long absence from the market, ...

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Panda Bonds Top Arrangers

Rank Arranger Share % by Volume
Excludes PPs. Click for full table
1 China Merchants Securities Co 14.44
2 Industrial and Commercial Bank of China (ICBC) 11.65
3 Bank of China (BOC) 10.33
4 CITIC Securities 8.41
5 Agricultural Bank of China (ABC) 7.17

Bookrunners of Asia-Pac (ex-Japan) ECM

Rank Lead Manager Amount $m No of issues Share %
View full table
For detailed analysis: Dealogic
  • Last updated
  • Today
1 Goldman Sachs 1,472.64 4 9.08%
2 CITIC Securities 1,389.13 8 8.57%
3 China International Capital Corp Ltd 1,340.29 6 8.27%
4 UBS 1,119.14 7 6.90%
5 Morgan Stanley 1,105.27 8 6.82%

Bookrunners of Asia Pacific (ex-Japan) G3 DCM

Rank Lead Manager Amount $m No of issues Share %
View full table
For detailed analysis: Dealogic
  • Last updated
  • Today
1 HSBC 5,499.23 43 10.49%
2 JPMorgan 3,669.90 22 7.00%
3 Citi 3,555.05 26 6.78%
4 UBS 2,374.41 23 4.53%
5 Goldman Sachs 2,312.64 14 4.41%

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