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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
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 9.29%
2 CITIC Securities 1,389.13 8 8.76%
3 China International Capital Corp Ltd 1,340.29 6 8.45%
4 UBS 1,119.14 7 7.06%
5 Morgan Stanley 1,105.27 8 6.97%

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 5,431.62 41 10.50%
2 JPMorgan 3,619.90 21 7.00%
3 Citi 3,555.05 26 6.88%
4 UBS 2,356.80 22 4.56%
5 Deutsche Bank 2,285.67 18 4.42%

Asian polls & awards

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    In the fourth and final instalment of GlobalCapital Asia’s capital markets awards announcements, find out the Best Asian Investment Bank and the Best Investment Bank in the region for 2018.

  • GlobalCapital Asia capital markets awards 2018: Bonds

    In part three of our results announcements, we reveal the winning bond deals across a variety of categories. In addition, we also name the Best G3 Bond House, Best Local Currency Bond House, Best High Yield Bond House and the debut winner of the Best House for SRI Financing.

  • GlobalCapital Asia capital markets awards 2018: Equities

    In part two of our results announcements, we reveal the winning equity deals and banks, including the Best Follow-on/Accelerated Bookbuild, Best Equity-Linked Deal, Best IPO, Best ECM Deal and Best ECM House.

  • GlobalCapital Asia capital markets awards 2018: Loans

    GlobalCapital Asia has spent the last two months talking to banks and their clients in a bid to determine the most impressive capital markets transactions and advisers across Asia ex-Japan in 2018. We are pleased to begin our awards announcements in the loan market.

  • 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.