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Sebi ECM reforms to trigger a slew of stake sales

The Securities and Exchange Board of India (Sebi) has made some much-needed changes to its ECM rulebook, which bankers say will wake up the country’s equity market and keep it busy for the next three years, writes Rashmi Kumar.

  • By Rashmi Kumar
  • 26 Jun 2014
As part of its measures, the regulator is making it mandatory for all state-owned companies, also called public sector undertakings in India, to have a minimum float of 25%. Previously, only private companies were required to have a minimum 25% float, while PSUs could get away by listing ...

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Panda Bonds Top Arrangers

Rank Arranger Share % by Volume
Excludes PPs. Click for full table
1 Bank of China (BOC) 21.17
2 China Merchants Securities Co 17.84
3 Industrial and Commercial Bank of China (ICBC) 14.86
4 Agricultural Bank of China (ABC) 10.81
5 China Securities 9.01

Bookrunners of Asia-Pac (ex-Japan) ECM

Rank Lead Manager Amount $m No of issues Share %
View full table
For detailed analysis: Dealogic
  • Last updated
  • Today
1 CITIC Securities 8,165.85 33 9.82%
2 Goldman Sachs 6,894.63 24 8.29%
3 Morgan Stanley 4,815.98 33 5.79%
4 UBS 4,492.08 28 5.40%
5 China International Capital Corp Ltd 4,224.24 22 5.08%

Bookrunners of Asia Pacific (ex-Japan) G3 DCM

Rank Lead Manager Amount $m No of issues Share %
View full table
For detailed analysis: Dealogic
  • Last updated
  • Today
1 HSBC 15,004.59 130 8.55%
2 Citi 10,041.06 80 5.72%
3 JPMorgan 9,707.50 62 5.53%
4 Credit Suisse 6,447.48 49 3.67%
5 Bank of America Merrill Lynch 6,190.73 49 3.53%

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