Allocations 'a nightmare' for SBI’s $1.3bn placement

The State Bank of India’s Rs80.1bn ($1.3bn) block on January 30 may rank as the country’s biggest ever qualified institutional placement (QIP), but bankers were left frustrated by the structure. The process meant there was a four-day gap between books closing and finalising allocations.

  • By Clare Hammond
  • 07 Feb 2014
“It was a nightmare,” one head of ECM syndicate said when asked about how the 51.2m primary shares were eventually allocated to investors. “It wasn’t so much banks fighting among themselves for more shares for their own clients, because that always happens, but more about making sure the ...

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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 UBS 325.93 2 10.80%
2 CITIC Securities 311.43 3 10.32%
3 HSBC 295.77 1 9.80%
4 JPMorgan 249.95 1 8.29%
5 Citi 209.35 2 6.94%

Bookrunners of Asia Pacific (ex-Japan) G3 DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 1,494.98 10 12.16%
2 Westpac 870.85 3 7.08%
3 JPMorgan 668.81 5 5.44%
4 Citi 655.35 5 5.33%
5 Standard Chartered Bank 642.66 4 5.23%

Asian polls & awards

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    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.