• China ABS: Liquidity boost lifts FAF’s floating combo

    Fortune Auto Finance sold two floating tranches in China’s securitization market on April 20. It captured the onshore market’s optimism on the back of the People’s Bank of China’s move to release extra liquidity last week through a reserve requirement ratio (RRR) cut.

    • 03:00 AM
  • FAF leads charge as foreign autos eye ABS, vanilla RMB bonds

    Fortune Auto Finance (FAF) is approaching onshore investors with a Rmb3bn ($477.5m) transaction on Friday. The auto company is coming to the market as a number of foreign originators unveil their plans to raise more onshore RMB — from both structured and vanilla fixed income deals.

    • 20 Apr 2018
  • You can't just recycle if you believe in ESG

    Two pieces of news this week highlight how environmental, social and governance (ESG) investing is conquering the capital markets. But both carry a risk of intellectual laziness.

    • 19 Apr 2018
  • JP Morgan launches ESG versions of EMBI indices

    JP Morgan has announced a new suite of emerging market bond indices that integrate environmental, social and governance (ESG) factors.

    • 18 Apr 2018
  • S&P to go head to head with MSCI in ESG ratings

    S&P Global Ratings is preparing to launch an ESG Evaluation product, competing directly with socially responsible investment rating firms such as MSCI and Sustainalytics.

    • 17 Apr 2018
  • Deutsche must remain a European champion in global banking

    Once again, Deutsche Bank is at a crossroads. After a tough few years, it is still strong enough to fight back in global investment banking. New CEO Christian Sewing will decide whether it does. He seems rational and determined, but does he have the stomach for the battle?

    • 10 Apr 2018
  • GAC-Sofinco undeterred by rising cost in China ABS

    Despite bagging Rmb4bn ($633.2m) from the Chinese asset-backed securities market on Tuesday, GAC-Sofinco Auto Finance failed to attract offshore interest and priced the deal wider than it did in its last transaction. But these upsets have not affected the carmaker’s appetite for more onshore deals.

    • 22 Mar 2018
  • Crédit Ag’s JV joins China auto ABS race

    GAC-Sofinco Auto Finance is preparing to sell a Rmb4bn ($633m) deal in the Chinese asset-backed securities market on March 20, set to be the third foreign name origination in three weeks.

    • 14 Mar 2018
  • Nissan’s JV returns with fixed-floating ABS combo

    Dongfeng Nissan Auto Finance stuck to the strategy from its last transaction in October 2017 — of selling a fixed-rate note accompanied by a floating-rate tranche — as it returned to the Chinese asset-backed securities market on Thursday, raising Rmb4.5bn ($709.2m).

    • 09 Mar 2018
  • Rapid advance in greening financial system as savers get a voice

    Brussels has moved even faster than green finance experts hoped to bring forward its Sustainable Finance Action Plan, a document stuffed with measures to change the way financial markets operate and make them better fitted for the fight against climate change.

    • 08 Mar 2018
  • The price is right: SAIC-GMAC seals ABS in China

    SAIC-GMAC Automotive Finance has sealed its first asset-backed securities deal this year in the Chinese interbank bond market, raising Rmb3bn ($473.3m) from two floating-rate tranches on Monday.

    • 06 Mar 2018
  • SAIC-GMAC lines up Rmb3bn ABS comeback

    China's SAIC-GMAC Automotive Finance wants to raise Rmb3bn ($473.7m) from an asset-backed securitization on Monday.

    • 02 Mar 2018
  • Updated: Nissan’s China JV prepares year’s third foreign ABS

    Dongfeng Nissan Auto Finance will be returning to the Chinese asset-backed securities market on March 8 with a Rmb4.5bn ($710m) dual-tranche deal on the interbank market — the largest transaction by a foreign name originator so far this year.

    • 01 Mar 2018
  • Evidence builds of tighter green bond pricing

    A new study of green bond pricing has stopped short of saying that green bond issuers can generally expect to get tighter new issue premiums. But the report’s lead author did say: “Green bond buyers can’t expect to receive a new issue premium — that is itself quite a bold statement.”

    • 22 Feb 2018
  • Local investors keep Ford’s ABS on track

    Ford Automotive Finance (China) started the year in China’s asset-backed securities market by selling a Rmb4bn (Rmb618.3m) deal on Thursday. The deal was open to foreign investors, but onshore demand formed the core support for Ford’s sale, sources on the deal told GlobalRMB.

    • 19 Jan 2018
  • Updated: Ford China starts engine for 2018 auto ABS race

    Ford Automotive Finance (China) is preparing for a Rmb4bn ($614m) deal in the onshore asset-backed securities market – the first by a foreign originator in 2018. But the carmaker is not in the mood for change in the New Year, sticking with the same format it printed in last August.

    • 11 Jan 2018
  • CALC takes new route in Chinese dollar ABS

    China Aircraft Leasing Group Holdings (CALC) has sealed a rare asset-backed securities deal in the onshore market — the first dollar-denominated ABS to be publicly traded. But while the transaction holds symbolic significance, the format is unlikely to become the norm for the Chinese ABS market.

    • 10 Jan 2018

Panda Bonds Top Arrangers

Rank Arranger Share % by Volume
1 China Merchants Securities Co 18.47
2 Agricultural Bank of China (ABC) 16.20
2 CITIC Securities 16.20
4 China CITIC Bank Corp 14.58
5 Industrial and Commercial Bank of China (ICBC) 11.34

Bookrunners of Asia-Pac (ex-Japan) ECM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 8,204.66 32 8.59%
2 Morgan Stanley 7,597.79 22 7.95%
3 Goldman Sachs 7,294.64 26 7.63%
4 China Securities Co Ltd 5,454.82 15 5.71%
5 Bank of America Merrill Lynch 5,244.96 10 5.49%

Bookrunners of Asia Pacific (ex-Japan) G3 DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 11,072.68 82 7.64%
2 Citi 8,075.10 54 5.58%
3 JPMorgan 7,087.89 31 4.89%
4 Goldman Sachs 7,087.22 26 4.89%
5 Bank of America Merrill Lynch 6,082.85 30 4.20%

Asian polls & awards

  • 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.

  • 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.

  • 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.

  • 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.

  • Regional Capital Markets Awards Part I: Loans

    In the first instalment of our 2017 awards, we present the full write-ups of the winners for Best Investment Grade Syndicated Loan, Best High Yield Syndicated Loan, Best Leveraged/Acquisition Finance, Best Loan and Best Loans House.