Latest high yield news

  • RCom: tender is the night

    India’s Reliance Communcations (RCom) tender and exchange offer, unveiled last week, would clear the issuer’s books of its $300m 6.5% 2020 bond. But since RCom defaulted on a payment for the notes last November, it is in no position to offer investors such paltry tender and exchange terms.

    • 16 Aug 2018
  • Beijing Properties seals $250m with China bank bid

    Beijing Properties sold a two year bond last week after getting demand from some of the Chinese banks who joined the deal. That allowed the leads to launch the bond with little worry it would drag on over the weekend.

    • 13 Aug 2018
  • GlobalCapital SRI Awards 2018: the nominations

    The nominations for GlobalCapital's Sustainable and Responsible Capital Markets Awards 2018 have been revealed, as a result of our worldwide market poll, conducted in July.

    • 11 Aug 2018
  • RCom offers bondholders shoddy deal

    Reliance Communications’ 2020 bond, which the company defaulted on last year, suffered a tumultuous week, hitting a new low after the telecoms company offered to buy back the $300m senior notes at a steep discount.

    • 10 Aug 2018
  • Tuspark leans on 14 bookrunners for $350m bond

    Tsinghua University Science Park, or Tuspark, raised $350m from its bond sale on Wednesday, notably helped by 14 bookrunners.

    • 09 Aug 2018
  • Intiland fails to build bond in dollar market

    High yield property company Intiland Development flopped in the offshore market on Tuesday, failing to price what would have been its debut dollar deal.

    • 08 Aug 2018
  • DBS scores syndicate hire from Chinese rival

    Debt syndicate banker Angie Li has joined DBS from Guotai Junan International after two years at the Chinese firm.

    • 08 Aug 2018
  • New energy bonds hit after GCL-Poly sale falls through

    GCL New Energy’s $500m offshore bond plummeted by more than three points in secondary trading on Monday, after its parent company failed to dispose of an asset in Zhejiang. The price plunge also had a knock-on effect on other Chinese new energy bonds.

    • 07 Aug 2018
  • Asia primary bond market set for final flurry before summer respite

    Primary bond issuance in Asia-ex Japan has carried on well into the summer, albeit with little participation from high yield borrowers. But bond bankers expect a climax this week before the market quietens down until September.

    • 06 Aug 2018
  • Natixis names senior leadership in Apac IBD

    Natixis has made three senior appointments in Hong Kong to support its growing investment banking activities in Asia Pacific.

    • 03 Aug 2018

High yield news archive

Panda Bonds Top Arrangers

Rank Arranger Share % by Volume
1 China Merchants Securities Co 20.18
2 Industrial and Commercial Bank of China (ICBC) 14.26
3 CITIC Securities 12.06
4 Agricultural Bank of China (ABC) 10.97
5 China CITIC Bank Corp 9.87

Bookrunners of Asia-Pac (ex-Japan) ECM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Goldman Sachs 13,871.99 57 8.10%
2 Citi 11,327.61 67 6.61%
3 Morgan Stanley 11,205.74 46 6.54%
4 China International Capital Corp Ltd 9,165.84 31 5.35%
5 China Securities Co Ltd 8,445.39 35 4.93%

Bookrunners of Asia Pacific (ex-Japan) G3 DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 17,477.67 143 7.61%
2 Citi 15,770.34 102 6.87%
3 Bank of America Merrill Lynch 11,217.92 67 4.89%
4 JPMorgan 10,857.58 61 4.73%
5 Goldman Sachs 9,731.81 44 4.24%

Asian polls & awards

  • GlobalCapital SRI Awards 2018: the nominations

    The nominations for GlobalCapital's Sustainable and Responsible Capital Markets Awards 2018 have been revealed, as a result of our worldwide market poll, conducted in July.

  • GlobalCapital opens Green/SRI Bond and Loan Awards Poll 2018

    After a year of burgeoning growth and change in green, social and sustainability bond issuance, with huge acceleration in green loans, GlobalCapital today invites you to vote in its third Awards poll for this market.

  • The Australian Fixed Income Poll 2018

    Asiamoney, in association with National Australia Bank, invites all fixed income investors in Asia and Europe to participate in the Australian Fixed Income Poll 2018. The online poll will take only five to 10 minutes to complete.

  • Regional Capital Markets Awards Part IV: Investment Bank

    In the last instalment of our 2017 awards, we present the full write-ups of the winners of Best Asian Investment Bank and Best Investment Bank.

  • Regional Capital Markets Awards Part III: Bonds

    In the third instalment of our 2017 awards, we present the full write-ups of the winners of the Best Local Currency Bond, Best High Yield Bond, Best Financial Bond, Best SSA Bond, Best Investment Grade Bond, Best Project Finance Deal, Best Bond, Best G3 and Local Currency Bond House, and Best High Yield Bond House.