Shinhan serves up first SDG bank capital dollar bond

Shinhan Bank of South Korea managed tight pricing on its Basel III-compliant tier two deal on Monday. Investors overwhelmed the $400m transaction with orders that covered the book more than seven times at its peak, thanks in part to its rare 10 year tenor but also as a result of its status as Asia’s first dollar-denominated UN Sustainable Development Goals-linked bond. Morgan Davis reports.

  • By Morgan Davis
  • 17 Apr 2019
South Korean issuers have been leading the charge for new green products, with Kookmin Bank’s tier two sustainability-labelled deal as the most recent example. Kookmin’s transaction, which raised $450m in January, was a first for bank capital in the region. Only a handful of social, green or sustainability-linked bank ...

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Panda Bonds Top Arrangers

Rank Arranger Share % by Volume
1 Bank of China (BOC) 22.38
2 China Merchants Securities Co 18.86
3 Industrial and Commercial Bank of China (ICBC) 15.71
4 Agricultural Bank of China (ABC) 11.43
5 China Securities 9.52

Bookrunners of Asia-Pac (ex-Japan) ECM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 CITIC Securities 8,165.85 33 9.86%
2 Goldman Sachs 6,894.63 24 8.32%
3 Morgan Stanley 4,769.04 32 5.76%
4 UBS 4,298.20 26 5.19%
5 China International Capital Corp Ltd 4,224.24 22 5.10%

Bookrunners of Asia Pacific (ex-Japan) G3 DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 14,393.10 127 8.38%
2 Citi 9,963.32 78 5.80%
3 JPMorgan 9,707.50 62 5.65%
4 Credit Suisse 6,362.70 47 3.71%
5 Bank of America Merrill Lynch 6,190.73 49 3.61%

Asian polls & awards

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