• China State Shipbuilding joins caravan to the euro bond market

    China State Shipbuilding Corp is set to be the latest Asian issuer to tap the European bond market, after mandating banks for a debut which will be backed by a standby letter of credit (SBLC) from Bank of China.

    • 30 Jan 2015
  • Sino-Ocean unclogs China’s property pipeline

    Sino-Ocean Land Holdings has finally ended the drought of Chinese property bonds with a dual tranche five and 12 year offering on January 28. But despite the success of the deal, bankers are sceptical that a wave of developers will follow in its steps.

    • 29 Jan 2015
  • Baosteel gears up for maiden euro bond

    Baoshan Iron & Steel (Baosteel) is seeking to issue its first euro bond after mandating seven banks for a series of investor meetings starting on February 3.

    • 28 Jan 2015
  • Chinese property primes for comeback with Sino-Ocean

    Chinese property developer Sino-Ocean Land Holdings is looking to become the first from the much maligned sector to tap the international bond market this year, opening books to a dual tranche offering on January 28.

    • 28 Jan 2015
  • Red hot Baosteel pulls in 8x covered deal

    Baosteel Resources International (BRI) had a barnstorming debut on January 21, hitting the market with a five year dollar bond that was eight times covered. The strong demand was a testament to the deal’s pricing, according to bankers on the trade.

    • 22 Jan 2015
  • Reliance Industries gets the ball rolling for India in 2015

    International bond investors welcomed back Reliance Industries for the first time in two years as the Indian conglomerate priced a $1bn 10 year offering on January 21. The deal notched up a number of landmarks, being the first Indian credit to come to market in 2015 and achieving the lowest coupon ever for the issuer in the offshore market.

    • 22 Jan 2015
  • China’s State Grid completes dual tranche euro debut

    The world’s largest utility State Grid Corp of China issued its first euro-denominated bond on January 19, with a €1bn ($1.2bn) deal comprising seven and 12 year notes.

    • 22 Jan 2015
  • Reliance Industries woos US with new bond

    A good market window brought Reliance Industries bank to the bond market on January 21 with the Indian conglomerate appointing a large syndicate to reward banks who have worked on its loans.

    • 21 Jan 2015
  • Baosteel Resources takes orders for debut dollar bond

    Baosteel Resources International (BRI) is making its first entry in the international debt market having opened books for a dollar transaction on Wednesday, January 21.

    • 21 Jan 2015
  • Cambridge MTN prices S$55m tap

    Cambridge MTN raised S$55m ($40m) through a tap of its 3.5% 2018s, making it the first investment grade issuer and first Reit to tap the Singapore bond market this year.

    • 20 Jan 2015
  • S&P forecasts record Indian bond vols for 2015

    Indian borrowers are set to raise a record amount in offshore bonds this year as companies step up their capex spending in response to the economic reforms being introduced by the new government, according to Standard & Poor’s.

    • 20 Jan 2015
  • China’s State Grid adds 12 year tranche to €1bn euro debut

    State Grid Corp of China, which claims to be the world's largest utility, issued its first euro bond on Monday, a €1bn deal comprising seven and 12 year notes.

    • 19 Jan 2015
  • Baosteel Resources gears up for maiden dollar bond

    Baosteel Resources International (BRI) will meet investors next week ahead of a potential US dollar bond after mandating six banks.

    • 16 Jan 2015
  • Bigger deals are the new normal for Asian bonds

    Larger deals and bigger new issue premiums will be the new normal for Asia ex-Japan as issuers adjust their debt funding strategies in the face of volatile markets. A pair of high profile bonds in the past week clearly illustrated this size-over-price approach, although bankers said that while it will become increasingly common, not everyone will adopt it, writes Rev Hui.

    • 15 Jan 2015
  • Five issuers price €4bn in big day for European corporate bonds

    Investment grade corporate bond issuance soared on Wednesday with a €1.75bn ($2.03bn) dual tranche deal from Toyota Motor Credit; benchmark bonds from Iberdrola and Evonik; and debuts from US Reit WP Carey, and UK charity the Wellcome Trust. In total, €4bn of bonds were issued.

    • 14 Jan 2015
  • Shenhua Energy bags $1.5bn with three-tranche debut

    State-owned coal supplier China Shenhua Energy successfully issued its maiden offshore bond market on January 13, fetching $1.5bn across three tranches. The size of the offering was relatively large for a debut issuer although weak commodities prices meant the company had to fork out a new issue concession.

    • 14 Jan 2015
  • Shenhua Energy hits market with triple-tranche debut

    State-owned coal supplier China Shenhua Energy is making its first foray into the international debt market in style by opening books to an ambitious triple tranche offering on January 13.

    • 13 Jan 2015
  • Air Liquide Finance brings first Formosa from international corporate

    Air Liquide Finance, a subsidiary of L'Air Liquide SA, the French industrial gases group, debuted in Taiwan’s Formosa bond market on January 9, becoming the first international corporate to issue in this format.

    • 09 Jan 2015
  • Asia corporates missing in action for bonds in 2015

    The Asian corporate bond market’s usual new year exuberance is nowhere to be seen in 2015, as growing macro concerns and a depressed Chinese property sector force issuers on to the sidelines. But bankers are not fretting yet, even though activity is likely to remain subdued, writes Rev Hui.

    • 08 Jan 2015
  • Shenhua Energy eyes maiden offshore bond

    The largest publicly listed coal supplier in the world, China Shenhua Energy, is looking to diversify its financing avenues by dipping into the international debt market for the first time.

    • 07 Jan 2015
  • State Grid of China mandates banks for debut euro bond

    State Grid Corp of China, a government-owned utility, has mandated banks for a possible debut euro bond to be issued through its European subsidiary, State Grid Europe Development.

    • 06 Jan 2015

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 4.72 26 10.05%
2 China Securities Co Ltd 4.10 12 8.73%
3 CITIC Securities 3.80 15 8.11%
4 Morgan Stanley 3.43 12 7.32%
5 UBS 1.91 14 4.07%

Bookrunners of Asia Pacific (ex-Japan) G3 DCM

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 Citi 7.45 43 7.03%
2 HSBC 7.17 63 6.77%
3 UBS 4.74 34 4.48%
4 JPMorgan 4.69 33 4.43%
5 Standard Chartered Bank 4.62 40 4.37%

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.