Never make a promise you cannot keep

It was not many weeks ago that your humble columnist hinted that his days of drinking were done. When will this promise finally be kept?

  • By Taipan
  • 30 Aug 2018
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The week started off with a press party hosted by a major US bank, which hired out a Hawaiian tiki bar for no reason I could surmise. Perhaps this bank was trying to underscore its leading position in the market for cocktail umbrella manufacturers, a clear growth industry. Or maybe they simply wanted to tempt journalists to don silly Hawaiian shirts, an effort that evidently failed.

It was the sort of the night that starts too officially, with confident pronouncements of market growth and talk of synergies, but that ends less so, with that natural carefree attitude that journalists and bankers adopt after one too many.

It continued with a dear old friend who has appeared too many times in these pages. We started at Solas, reopened under the old name, and continued down into the depths of the Lebanese libertines: where beer maketh man and man maketh the kebab order. 

Next week promises more of the same, including a trip to Singapore to imbibe with the bond market’s finest. Since debt bankers are not world-renowned for their unwillingness to live the Bacchanalian lifestyle, there is a good chance this will only continue the long run of drinking that masquerades as networking. 

Perhaps I’ll shift to water. Or perhaps I’ll simply give myself some fodder for the next column. Keep your eyes peeled. 

  • By Taipan
  • 30 Aug 2018

Panda Bonds Top Arrangers

Rank Arranger Share % by Volume
1 China Merchants Securities Co 19.83
2 Industrial and Commercial Bank of China (ICBC) 14.01
3 CITIC Securities 11.86
4 Agricultural Bank of China (ABC) 10.78
5 China CITIC Bank Corp 9.70

Bookrunners of Asia-Pac (ex-Japan) ECM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Goldman Sachs 15,468.65 70 7.93%
2 Morgan Stanley 13,461.05 57 6.90%
3 Citi 13,241.69 81 6.79%
4 China International Capital Corp Ltd 10,197.61 35 5.23%
5 UBS 10,009.11 64 5.13%

Bookrunners of Asia Pacific (ex-Japan) G3 DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 19,907.38 166 7.51%
2 Citi 19,532.86 124 7.37%
3 JPMorgan 12,894.66 75 4.87%
4 Bank of America Merrill Lynch 12,162.96 75 4.59%
5 Goldman Sachs 10,929.25 52 4.12%

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