Loan pricing to swing higher as markets change

Is pricing in the Asian loan syndications market finally bottoming out? All the signs for an uptick in margins this year are there, writes Pan Yue.

  • By Pan Yue
  • 03 Jan 2019
Higher margins and fees on loans to attract lenders have already started taking shape in the region, albeit slowly. In December, Indian Oil Corp launched a $1.3bn financing, paying a margin of 100bp over Libor — 32bp higher than a similar five year facility signed in March 2017. ...

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Panda Bonds Top Arrangers

Rank Arranger Share % by Volume
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 %
  • Last updated
  • Today
1 Goldman Sachs 1,543.90 5 9.02%
2 CITIC Securities 1,389.13 8 8.12%
3 China International Capital Corp Ltd 1,340.29 6 7.83%
4 UBS 1,236.02 9 7.22%
5 Morgan Stanley 1,114.69 9 6.51%

Bookrunners of Asia Pacific (ex-Japan) G3 DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 6,135.67 50 10.15%
2 Citi 4,441.94 31 7.35%
3 JPMorgan 4,157.29 24 6.88%
4 Deutsche Bank 2,675.58 22 4.42%
5 Goldman Sachs 2,587.64 15 4.28%

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