• Happy New Year! Asian issuers end lunar year with a bang

    Abundant supply, a diverse crop of issuers and some rare long-tenor deals characterised Asia’s bond market ahead of the week-long Chinese New Year holiday, setting the stage for a positive February. Addison Gong reports.

    • 31 Jan 2019
  • Updated: Indonesia’s Banten boosts project finance supply

    Indonesian power company Lestari Banten Energi priced a $775m project bond on Tuesday, sealing the first such Asian deal of the year after months of preparation.

    • 30 Jan 2019
  • Oil India, SCB take advantage of long-end demand

    Are Asian investors ready to embrace duration again? Oil India and Siam Commercial Bank (SCB) proved there is clear demand, rolling out a pair of 10 year bonds on Tuesday. SCB also added a five year tranche.

    • 30 Jan 2019
  • Chongqing LGFV seals Sing dollar debut

    Chongqing Banan Economic Park Development and Construction Co made its inaugural appearance in the international bond market with a Singapore dollar transaction, raising S$150m ($110m).

    • 28 Jan 2019
  • BOC loses debt syndicate head in Hong Kong

    Bank of China’s Hong Kong-based debt syndicate head Sebastian Ha is leaving the firm next month.

    • 28 Jan 2019
  • NWS, Sino-Ocean see ‘impressive' demand for bonds

    NWS Holdings and Sino-Ocean Group Holding received more than $4bn in orders for their respective bond outings, with their deals in hot demand both in primary and secondary markets.

    • 25 Jan 2019
  • Johnson Electric offers rare credit to investors

    Investors swarmed to Johnson Electric Holdings’ maiden dollar bond transaction, allowing the borrower to raise $300m from a nearly six times oversubscribed deal at its peak.

    • 23 Jan 2019
  • Indian debt issuance: two steps forward, one step back

    The Reserve Bank of India’s recent reforms to its external commercial borrowings (ECB) policy make for a simpler and looser process for firms raising debt offshore. But the central bank has also put up new roadblocks for issuers that could drastically affect their access to capital markets.

    • 22 Jan 2019
  • Redux or reset? Asian bonds show risks

    Asia’s offshore bond market has had a strong start to the year, moving past the doom and gloom that ended 2018. But there are already signs that the difficult conditions that defined last year may only be around the corner.

    • 22 Jan 2019
  • Country Garden hits $1bn target with dual-trancher

    Country Garden Holdings (CoGard) raised $1bn from a two-part deal, hitting its size goal and finding the money it needs to refinance some of its maturing debt.

    • 18 Jan 2019
  • BPCL follows India rule change with short bond

    Bharat Petroleum Corp (BPCL) took advantage of the new guidelines from India’s central bank to roll out a three year bond, opting for a maturity it was previously blocked from tapping.

    • 18 Jan 2019
  • Looming election casts shadow over Indian dollar bond issuance

    Indian bond issuers have started 2019 with a bang, enjoying the benefits of an optimistic dollar debt market. But with a national election looming — and with no guarantees that credit markets will not take a turn for the worse — it will be far from plain sailing. Morgan Davis reports.

    • 17 Jan 2019
  • Investors look beyond politics in KNOC Samurai

    Korea National Oil Corp’s debut in the Japanese yen market on Wednesday was one to remember. The deal was the largest single-tranche Samurai bond on record in Asia, despite a rise in tensions between the two countries.

    • 17 Jan 2019
  • Hanwha Total debuts with $400m bond

    South Korea’s Hanwha Total Petrochemical Co brought its maiden dollar bond to the market on Tuesday, appealing to investors with its strong credentials and scarcity value.

    • 16 Jan 2019
  • Investors snap up first 2019 Korean deal

    Investors flocked to Korea Midland Power Co’s (Komipo) green bond on Monday, funnelling $3bn of orders into a $300m deal that offered a quality credit and an attractive tenor to the buy side.

    • 15 Jan 2019
  • Early January bond volume ‘underwhelming’

    Dollar bond issuance in Asia appears to have got off to a strong start, with a rally both in the primary and secondary markets. But that is not enough for many DCM bankers in the region, who are hoping for a bigger upside.

    • 14 Jan 2019
  • Positive sentiment boosts India, Indonesia bonds

    Indian and Indonesian dollar bonds were buoyed last week by positive investor sentiment that drove secondary market trading and paved the way for fresh debt issuance.

    • 14 Jan 2019
  • IOC nabs ideal window for market return

    A rally in the debt market and Indian Oil Corp’s (IOC) scarcity value buoyed the company’s return to dollar bond investors for the first time since 2013, allowing it to add a chunky $900m to its coffers.

    • 11 Jan 2019
  • Shandong SOE jumps on 363-day bond bandwagon

    Railway and toll road constructor Shandong Hi-Speed Group became the latest issuer to opt for a short tenor for its bond this week, in a bid to speed up the issuance process while keeping the yield low.

    • 09 Jan 2019
  • Chinese issuers keep markets busy, more to come

    Several Chinese borrowers ventured into the bond market at the end of December, locking up last-minute deals that were mainly supported by anchor orders.

    • 03 Jan 2019
  • Hanwha Total fires up new bond plans

    Asian issuers are setting the stage for their fundraisings nice and early into the New Year, with South Korea’s Hanwha Total Petrochemical Co announcing a bond mandate on Wednesday morning.

    • 02 Jan 2019

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.