Latest high grade news

  • AIA and Baidu reopen Asian dollar bonds

    Hong Kong's AIA Group and China's Baidu reopened the Asian bond market this week, proving that investors are still willing to commit to the right credits ─ as long as they come at the right price. Morgan Davis reports.

    • 09.45 AM
  • Corporates roar but prospect of beating 2009 record distant

    The primary corporate bond market in Europe threw up another blistering day on Wednesday, with seven issuers on screens by mid-morning, bringing the number of deals so far this week to 18, though bond syndicate desks are hesitant to compare this crisis market with the record-breaking issuance in 2009.

    • 01 Apr 2020
  • ‘Carnage’ in Asian bonds as Covid-19 fears deepen

    Asian bonds showed some signs of life mid-week after markets collapsed on Monday. But that reprieve proved to be extremely short-lived, as another round of panic selling on Thursday left issuers with little choice but to put their deals on hold. Morgan Davis and Addison Gong report.

    • 12 Mar 2020
  • Pandemic threatens M&A pipeline

    The coronavirus will depress mergers and acquisitions activity, hurt advisory revenues and change the emphasis of deal-making in 2020, writes David Rothnie.

    • 12 Mar 2020
  • Asian bonds show signs of life despite ‘unpleasant’ conditions

    Two new dollar transactions were launched in the Asian bond market on Wednesday, signalling a slow revival in confidence after a rough start to the week.

    • 11 Mar 2020
  • MCC sells sub perp as nervous investors seek yield

    Metallurgical Corp of China (MCC) took advantage of investors’ desperation for yield and strong credits this week, selling a subordinated perpetual bond worth $400m.

    • 06 Mar 2020
  • CFE returns to Taiwan for fourth Formosa bond

    Mexico’s state-owned electric company Comisión Federal de Electricidad (CFE) turned to Taiwan’s bond market this week to sell a dollar bond — its latest foray into the Formosa bond market.

    • 05 Mar 2020
  • Asian bond market starts week on shaky footing

    Asian debt borrowers were able to skirt market volatility for much of last week, selling more than $9bn of bonds. But the market slump hit Asia hard as the week drew to a close and the jitters continued on Monday morning.

    • 02 Mar 2020
  • Geely drives off with $400m in rocky market

    Zhejiang Geely Holding Group Co netted $400m from its bond sale on Thursday, as the market battled falling sentiment.

    • 28 Feb 2020
  • Perps flood market as investors grab for yield

    Perpetual tenors were in favour this week as four borrowers from Greater China sealed perps in a yield-hungry environment.

    • 27 Feb 2020

High grade news archive

Panda Bonds Top Arrangers

Rank Arranger Share % by Volume
1 Ping An Bank 23.08
2 Industrial and Commercial Bank of China (ICBC) 15.38
2 Bank of China (BOC) 15.38
2 China CITIC Bank Corp 15.38
5 CITIC Securities 11.54

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 4.84 27 9.47%
2 Morgan Stanley 4.29 15 8.39%
3 China Securities Co Ltd 4.10 12 8.03%
4 CITIC Securities 4.06 16 7.95%
5 UBS 2.38 16 4.66%

Bookrunners of Asia Pacific (ex-Japan) G3 DCM

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 Citi 7.75 45 7.08%
2 HSBC 7.34 65 6.70%
3 BofA Securities 5.26 23 4.80%
4 JPMorgan 4.87 35 4.45%
5 Standard Chartered Bank 4.77 41 4.35%

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.