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 18.42
2 CITIC Securities 14.07
3 Agricultural Bank of China (ABC) 12.79
3 Industrial and Commercial Bank of China (ICBC) 12.79
5 China CITIC Bank Corp 11.51

Bookrunners of Asia-Pac (ex-Japan) ECM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Goldman Sachs 12,347.28 50 8.27%
2 Citi 10,937.22 60 7.33%
3 Morgan Stanley 9,836.89 36 6.59%
4 China International Capital Corp Ltd 7,946.42 27 5.33%
5 China Securities Co Ltd 7,436.55 29 4.98%

Bookrunners of Asia Pacific (ex-Japan) G3 DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 15,269.13 121 7.26%
2 Citi 14,283.19 91 6.80%
3 JPMorgan 10,369.33 52 4.93%
4 Bank of America Merrill Lynch 9,897.67 56 4.71%
5 Goldman Sachs 9,025.15 40 4.29%

Asian polls & awards

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    Asiamoney, in association with National Australia Bank, invites all fixed income investors in Asia and Europe to participate in the Australian Fixed Income Poll 2018. The online poll will take only five to 10 minutes to complete.

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  • Regional Capital Markets Awards Part III: Bonds

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  • Regional Capital Markets Awards Part II: Equities

    In the second instalment of our 2017 awards, we present the full write-ups of the winners for Best Follow-On/Accelerated Bookbuild, Best Equity-Linked Deal, Best IPO, Best ECM Deal and Best ECM House.