Bank capital goes green with latest Kookmin deal

Asia’s sustainability market took a big step forward this week when Kookmin Bank priced a Basel III-compliant tier two bond with a sustainability label — the first of its kind in the region. Morgan Davis reports.

  • By Morgan Davis
  • 31 Jan 2019
The South Korean firm’s sustainability bank capital deal is one of just a few similar bonds sold globally. Turkey’s Turkiye Sinai Kalkinma Bankasi issued the world’s first sustainability-labeled tier two capital bond in March 2017. Australia’s QBE Insurance Group printed a social additional tier one bond in November 2017, ...

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Panda Bonds Top Arrangers

Rank Arranger Share % by Volume
1 Bank of China (BOC) 19.93
2 Industrial and Commercial Bank of China (ICBC) 13.40
3 China Merchants Securities Co 12.94
4 Agricultural Bank of China (ABC) 7.84
5 China Securities 6.54

Bookrunners of Asia-Pac (ex-Japan) ECM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 CITIC Securities 9,832.91 52 7.39%
2 Goldman Sachs 9,111.57 38 6.85%
3 Morgan Stanley 8,062.73 52 6.06%
4 China International Capital Corp Ltd 7,479.26 47 5.62%
5 UBS 7,395.65 52 5.56%

Bookrunners of Asia Pacific (ex-Japan) G3 DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 22,760.63 199 8.30%
2 Citi 17,061.26 128 6.22%
3 JPMorgan 14,329.96 97 5.23%
4 Standard Chartered Bank 12,173.46 120 4.44%
5 Bank of America Merrill Lynch 10,117.96 78 3.69%

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