China lev loans face new hurdle from EU M&A rule

Loans bankers in Asia already bemoaning the reduced outbound M&A driven activity from China could be dealt a further blow after the European Union (EU) said it will start screening foreign direct investment (FDI) more closely. Pan Yue examines the impact this will have on Asia’s leveraged and acquisition financing market.

  • By Pan Yue
  • 22 Nov 2018
On Tuesday, the European Parliament, the European Council and the European Commission announced the setting up of a framework to scrutinise foreign investments for national security reasons. While their joint statement did not explicitly mention any countries, bankers and lawyers told GlobalCapital Asia that the rules are likely ...

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Panda Bonds Top Arrangers

Rank Arranger Share % by Volume
1 China Merchants Securities Co 15.31
2 Industrial and Commercial Bank of China (ICBC) 12.35
3 CITIC Securities 8.92
4 Agricultural Bank of China (ABC) 7.60
5 China CITIC Bank Corp 6.76

Bookrunners of Asia-Pac (ex-Japan) ECM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Goldman Sachs 17,772.74 86 7.66%
2 Morgan Stanley 14,624.46 73 6.30%
3 Citi 14,373.60 98 6.19%
4 UBS 13,054.43 87 5.62%
5 China International Capital Corp Ltd 11,749.13 49 5.06%

Bookrunners of Asia Pacific (ex-Japan) G3 DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 26,480.74 228 7.82%
2 Citi 23,876.05 159 7.05%
3 JPMorgan 15,475.44 97 4.57%
4 Goldman Sachs 13,893.80 68 4.10%
5 Bank of America Merrill Lynch 13,756.20 87 4.06%

Asian polls & awards

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  • GlobalCapital Asia capital markets awards 2018: Bonds

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  • GlobalRMB awards: Most impressive issuers, best law firm

    In this third part of the GlobalRMB awards, we present our reasons for choosing the best issuers in the FIG, corporate and SSA categories — and praise the strong performance of one well-known foreign law firm.