Asia

  • Coronavirus bonds: China must be vigilant

    Chinese regulators will have to strike a balance between supporting the use of the domestic bond market to help combat the deadly outbreak of the coronavirus, now officially known as Covid-19, and preventing the misuse of it.

    • 13 Feb 2020
  • Philippines ECM: finally, some good news

    A recent move to encourage Philippine property companies to sell real estate investment trusts (Reits) looks set to give a much-needed boost to the market. The country has long suffered from a paucity of deals. It may finally be ready to turn a corner.

    • 12 Feb 2020
  • Sustainability: more stick, less carrot

    Sustainable finance players are enthusiastic about regulation, which they expect to bring clarity and order to the market. It may — though when the new EU rules are implemented they are likely to irk participants more than they expect. But what would be really effective are direct actions that bypass finance.

    • 11 Feb 2020
  • Equity market should fear coronavirus threat to China GDP

    A fall in equity markets last week reflected an automatic reaction to the possibility of a new global pandemic. But the more substantial effect of the coronavirus outbreak on equities may be reflected in economic performance, rather than the rate of contagion.

    • 04 Feb 2020
  • Coronavirus will not undermine Asian markets

    The outbreak of the novel coronavirus in China is taking its toll on Asia's capital markets. Many countries have acted quickly to contain the disease as much as possible, leaving investors, bankers and companies with capital market ambitions in limbo, with many forced to cancel travel plans and work from home. The outbreak shows no signs of abating — but it may not mar the capital markets for long.

    • 04 Feb 2020
  • As Ant Financial eyes HK, expect Alibaba halo to emerge

    Ant Financial’s planned Hong Kong listing is just one of many jumbo deals that could land on the bourse this year. But few issuers will have such a clear path to success. The Alibaba halo should not be underestimated.

    • 22 Jan 2020
  • Pulled deals: a warning sign for Asian bonds

    The Asian bond market has been red hot since the start of 2020. With nearly every day bringing a number of blowout deals, it would be easy to overlook the three borrowers that have fallen short of completing their proposed transactions. But the failed deals may be a sign of things to come.

    • 21 Jan 2020

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Europe

  • Argentina’s ambitious timeline should buoy investors

    Argentina's plans to restructure $67bn of debt in under two months may look naive to some but the ambition the government has so far demonstrated point towards a good outcome.

    • 13 Feb 2020
  • The UK is still not taking its financial services industry seriously

    Negotiations may involve a degree of posturing, but as demonstrated with the plan to demand “permanent equivalence” with the EU over financial regulation, it is not clear what future the UK government wants for one of its most important industries.

    • 13 Feb 2020
  • FIG bonds: pessimism has been banned

    The yields on bank bonds have reached their lowest ever levels in recent weeks, thanks to meagre issuance and accommodative central bank policy. These conditions mean investors can see the silver linings, but not the clouds — and there are plenty — behind them.

    • 11 Feb 2020
  • Argentina restructuring timeline is far-fetched but a reason to cheer

    Argentina's plans to restructure $67bn of debt in under two month may look naive to some but the ambition and good communication the government has so far demonstrated point towards a good outcome.

    • 11 Feb 2020

more Europe View

Panda Bonds Top Arrangers

Rank Arranger Share % by Volume
1 Bank of China (BOC) 18.86
2 Industrial and Commercial Bank of China (ICBC) 14.39
3 China Merchants Bank Co 14.21
4 China Merchants Securities Co 8.85
5 Agricultural Bank of China (ABC) 5.90

Bookrunners of Asia-Pac (ex-Japan) ECM

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 China International Capital Corp Ltd 4.57 22 14.06%
2 China Securities Co Ltd 3.53 7 10.85%
3 Morgan Stanley 3.39 11 10.42%
4 CITIC Securities 2.99 10 9.20%
5 Citi 1.66 11 5.10%

Bookrunners of Asia Pacific (ex-Japan) G3 DCM

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 Citi 6.48 35 8.10%
2 HSBC 5.43 43 6.79%
3 BofA Securities 4.13 14 5.16%
4 UBS 3.94 22 4.92%
5 JPMorgan 3.90 24 4.88%

Asian polls & awards

  • GlobalCapital China 2019 awards winners: Part III

    In the final part of GlobalCapital China’s awards announcement, we discuss the key innovation of 2019, and reveal the individual that has made the greatest contribution to reforming and internationalising the Chinese onshore market.

  • GlobalCapital China 2019 awards winners: Part II

    In the second part of GlobalCapital China’s awards announcement, we reveal the winning banks across Panda bonds, G3 bonds and ABS, as well as the best bank for securities services and the most impressive law firm.

  • GlobalCapital Asia capital markets awards 2019: Investment banks

    In the fourth and final instalment of GlobalCapital Asia’s capital markets awards announcements, find out which firms have been named the Best Asian Investment Bank and the Best Investment Bank in the region for 2019.

  • GlobalCapital China announces 2019 awards winners: Part I

    GlobalCapital China, previously GlobalRMB, is pleased to announce the winners of its annual capital markets awards, honouring the banks, companies and individuals that have made the biggest contribution to bridging the gap between China’s markets and the rest of the world. In part one of the awards, we reveal the most impressive issuers in the FIG, corporate and SSA categories.

  • GlobalCapital Asia capital markets awards 2019: Bonds

    In part three of GlobalCapital Asia's awards results announcements, we reveal the winning bond deals across a variety of categories. In addition, we also name the Best G3 Bond House, Best High Yield Bond House and the winner of the Best House for SRI Financing.