Bonds
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OCBC scores with Sing dollar AT1
Oversea-Chinese Banking Corp (OCBC) reopened Singapore’s alternative tier one market this week, managing to raise S$1bn ($726.87m) from the first such deal in 14 months.
- Emerging market worries strike Asian bonds
- Foreign autos fashion single tranche trades in China ABS
- People and markets news in brief: August 16, 2018
- RCom: tender is the night
Equities
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KBS to hit road for Singapore’s third US Reit
KBS Realty Advisors is preparing to float its second Reit in Singapore backed by US commercial properties, bankers close to the deal said.
- CooTek lines up $100m NYSE listing
- Chinese healthcare platform 111 eyes $200m US IPO
- China’s Tesla poised to electrify IPO investors
- People and markets news in brief: August 16, 2018
Loans
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Paiho Shih returns for $120m refi
Taiwan’s Paiho Shih Holdings has returned to the offshore loan market, seeking a $120m refinancing loan through KGI Bank.
- BOC Aviation, Digital China seek offshore borrowings
- Tata Motors closes $237.6m loan for bond buyback
- BOC Aviation launches $500m into general
- Louis Dreyfus Asia closes $600m revolver
People & Markets
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StanChart rejigs global capital markets unit
Standard Chartered has rearranged its primary and secondary debt business, creating a global credit markets team that will be run by Henrik Raber, its long-time capital markets head.
RMB
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Nafmii bans domestic rating agency
Dagong Global Credit Rating, one of China’s largest credit rating agencies, has been banned from rating bonds in the interbank market for one year because it was providing consulting services to companies as it was rating them, the National Association of Financial Market Institutional Investors (Nafmii) announced today.
Comment
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RCom: tender is the night
India’s Reliance Communcations (RCom) tender and exchange offer, unveiled last week, would clear the issuer’s books of its $300m 6.5% 2020 bond. But since RCom defaulted on a payment for the notes last November, it is in no position to offer investors such paltry tender and exchange terms.
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Hong Kong's new biotech listings deserve time to flourish
Hong Kong has had its first taste of a pre-revenue biotechnology stock with the listing by Ascletis Pharma. Unfortunately, the company got caught up in a wave of volatility and the shares have not fared well. It was not a good start for biotech but the sector should not be judged by this one deal, as it was just the first from a bulging IPO pipeline.
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IPOs — swipe left
As Asian exchanges increasingly embrace the US model for new listings — the introduction of variable voting rights being a case in point — disintermediated IPOs may perhaps soon be the next fad, writes Clawback.
Asia Securitization
More from Asia
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Bank Profiles
Latest news by market and league table performance
Panda Bonds Top Arrangers
| Rank | Arranger | Share % by Volume |
|---|---|---|
|
||
| 1 | China Merchants Securities Co | 20.18 |
| 2 | Industrial and Commercial Bank of China (ICBC) | 14.26 |
| 3 | CITIC Securities | 12.06 |
| 4 | Agricultural Bank of China (ABC) | 10.97 |
| 5 | China CITIC Bank Corp | 9.87 |
Bookrunners of Asia-Pac (ex-Japan) ECM
| Rank | Lead Manager | Amount $m | No of issues | Share % |
|---|---|---|---|---|
| 1 | Goldman Sachs | 13,871.99 | 57 | 8.11% |
| 2 | Citi | 11,327.61 | 67 | 6.62% |
| 3 | Morgan Stanley | 11,205.74 | 46 | 6.55% |
| 4 | China International Capital Corp Ltd | 9,165.84 | 31 | 5.36% |
| 5 | China Securities Co Ltd | 8,445.39 | 35 | 4.93% |
Bookrunners of Asia Pacific (ex-Japan) G3 DCM
| Rank | Lead Manager | Amount $m | No of issues | Share % |
|---|---|---|---|---|
| 1 | HSBC | 17,477.67 | 143 | 7.61% |
| 2 | Citi | 15,770.34 | 102 | 6.87% |
| 3 | Bank of America Merrill Lynch | 11,217.92 | 67 | 4.89% |
| 4 | JPMorgan | 10,857.58 | 61 | 4.73% |
| 5 | Goldman Sachs | 9,731.81 | 44 | 4.24% |
Asian polls & awards
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GlobalCapital SRI Awards 2018: the nominations
The nominations for GlobalCapital's Sustainable and Responsible Capital Markets Awards 2018 have been revealed, as a result of our worldwide market poll, conducted in July.
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GlobalCapital opens Green/SRI Bond and Loan Awards Poll 2018
After a year of burgeoning growth and change in green, social and sustainability bond issuance, with huge acceleration in green loans, GlobalCapital today invites you to vote in its third Awards poll for this market.
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The Australian Fixed Income Poll 2018
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 IV: Investment Bank
In the last instalment of our 2017 awards, we present the full write-ups of the winners of Best Asian Investment Bank and Best Investment Bank.
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Regional Capital Markets Awards Part III: Bonds
In the third instalment of our 2017 awards, we present the full write-ups of the winners of the Best Local Currency Bond, Best High Yield Bond, Best Financial Bond, Best SSA Bond, Best Investment Grade Bond, Best Project Finance Deal, Best Bond, Best G3 and Local Currency Bond House, and Best High Yield Bond House.
