Latest high grade news

  • Investment grade is back! But not for long

    Asian investment grade issuers returned to the market in droves this week, giving some welcome supply to investors who have been overwhelmed by high yield names since the start of the year. But the surge is likely to be short-lived. Addison Gong reports.

    • 11 Apr 2019
  • Reliance Schuldschein ‘considerably exceeds’ initial target

    Arrangers of Reliance Industries’ debut Schuldschein have sent investors a statement saying that demand “considerably exceeds the initial volume” target of €150m. The success of the transaction came as a surprise to some of the arrangers’ competitors, but is considered a good sign for the market.

    • 09 Apr 2019
  • LG Chem’s first euro and dollar bonds are green blowouts

    LG Chem, the chemical and battery producing arm of South Korean group LG, launched its first euro and dollar bonds this week, after a long sojourn in the won market. All three tranches, which were also green bonds, were heavily oversubscribed.

    • 08 Apr 2019
  • Tencent stretches curve with increased $6bn bond sale

    Tencent Holdings this week sold the largest dollar bond by an Asian issuer in more than a year, offering a five tranche deal that spanned five to 30 year maturities. In doing so, it also managed to achieve one of the flattest 10-30 year curves for a technology company new issue, writes Addison Gong.

    • 04 Apr 2019
  • Genting scoops $1bn for new Vegas resort

    Resorts World Las Vegas (RWLV), a subsidiary of Malaysia’s Genting Berhad, priced a larger-than-expected $1bn bond on Tuesday, at a level that was more aggressive than market participants had anticipated.

    • 03 Apr 2019
  • Steel maker Jisco shows its mettle to make long-waited debut

    China’s Jiuquan Iron & Steel (Group) Co, or Jisco for short, was able to find enough demand on Tuesday to cover its first international bond — a deal months in the making — raising $300m.

    • 03 Apr 2019
  • Investors, bankers call for wider China bond roadshows

    Chinese issuers have become too focused on Hong Kong when marketing their dollar bonds, panelists at Euromoney's China Debt Capital Markets Summit said last week.

    • 01 Apr 2019
  • Sfund, Yunnan Metro find robust demand for bonds

    Chinese provincial government-owned Guangzhou Industrial Investment Fund Management Co (Sfund) saw a 14 times covered order book for its return to dollar bonds, while Yunnan Metropolitan Construction Investment Group Co was able to hit its $800m size target.

    • 29 Mar 2019
  • Singapore real estate company prices 10 year trade

    CMT MTN priced a 10 year bullet bond on Wednesday, raising $300m.

    • 28 Mar 2019
  • India credits rush to market ahead of elections, year-end

    Indian bonds issuers are racing to the offshore market for cash to beat the country’s financial year-end and the uncertainty of a general election straight afterwards. Morgan Davis and Addison Gong report.

    • 28 Mar 2019

High grade news archive

Panda Bonds Top Arrangers

Rank Arranger Share % by Volume
1 China Merchants Securities Co 26.40
2 Industrial and Commercial Bank of China (ICBC) 20.00
3 China Securities 13.33
4 Agricultural Bank of China (ABC) 12.00
5 Bank of China (BOC) 11.33

Bookrunners of Asia-Pac (ex-Japan) ECM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 CITIC Securities 6,126.98 28 9.16%
2 Goldman Sachs 5,830.12 20 8.72%
3 Morgan Stanley 4,329.51 27 6.48%
4 China International Capital Corp Ltd 3,921.06 17 5.86%
5 UBS 3,727.37 21 5.58%

Bookrunners of Asia Pacific (ex-Japan) G3 DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 12,570.23 112 8.45%
2 JPMorgan 9,000.86 54 6.05%
3 Citi 8,900.47 66 5.98%
4 Credit Suisse 5,860.46 43 3.94%
5 Standard Chartered Bank 5,747.27 53 3.86%

Asian polls & awards

  • GlobalCapital Asia capital markets awards 2018: Investment banks

    In the fourth and final instalment of GlobalCapital Asia’s capital markets awards announcements, find out the Best Asian Investment Bank and the Best Investment Bank in the region for 2018.

  • GlobalCapital Asia capital markets awards 2018: Bonds

    In part three of our results announcements, we reveal the winning bond deals across a variety of categories. In addition, we also name the Best G3 Bond House, Best Local Currency Bond House, Best High Yield Bond House and the debut winner of the Best House for SRI Financing.

  • GlobalCapital Asia capital markets awards 2018: Equities

    In part two of our results announcements, we reveal the winning equity deals and banks, including the Best Follow-on/Accelerated Bookbuild, Best Equity-Linked Deal, Best IPO, Best ECM Deal and Best ECM House.

  • GlobalCapital Asia capital markets awards 2018: Loans

    GlobalCapital Asia has spent the last two months talking to banks and their clients in a bid to determine the most impressive capital markets transactions and advisers across Asia ex-Japan in 2018. We are pleased to begin our awards announcements in the loan market.

  • GlobalRMB awards: Most impressive issuers, best law firm

    In this third part of the GlobalRMB awards, we present our reasons for choosing the best issuers in the FIG, corporate and SSA categories — and praise the strong performance of one well-known foreign law firm.