Where are the Christmas spirit(s)?

‘Tis the season to be jolly, right? Apparently not anymore. Christmas merriment appears to have been cancelled, or at least hugely dampened, this year.

  • By Taipan
  • 06 Dec 2018
Email a colleague
Request a PDF

I know I’m often quick to bemoan these modern times and to look back wistfully on the good old days, but my attempts to stay cheerful have just suffered a particularly severe blow. Why? Well, dear readers, I received a bank's invitation to their holiday party — one that should be filled with mulled wine and cocktails. This is, after all, the one time of the year when we can all cut loose and imbibe with our colleagues and old friends.

But much to my dismay, the list of beverages to be provided at the party only included a short two-hour free flow of house beer, soft drinks and orange juice. Orange juice and house beer? I could not believe my eyes.

To make matters worse, just a few days later, I received an email from one of the party organisers at the bank reminding me to “drink responsibly” over the holidays, to serve as the best possible representation of myself and my associates.

I personally feel I would be a better representative sipping on a classy Manhattan or clinking champagne glasses with friends rather than funnelling house beer like a frat boy to get my two hours’ worth of drinks in. And isn’t the morning hangover after a holiday party a badge of honour, and a sign of a jolly good time?

Of course, I’m not advocating the debauchery we bankers used to get up to. But really, why steal the spirit(s) of Christmas?

  • By Taipan
  • 06 Dec 2018

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

  • GlobalCapital Asia capital markets awards 2018: Investment banks

    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.