Latest high yield news

  • Yango makes swift return for cheaper funding

    Chinese property developer Yango Group Co priced a $150m tap of a recent two year bond on Thursday at a level that 62.5bp inside where the original bond landed less than a month ago.

    • 08:30 AM
  • International investors return for LGFV bonds

    Chinese local government debt issuance ramped up in the first quarter of 2019, with investors at home and abroad more enthusiastic about offshore bonds from local government financing vehicles (LGFVs). But they continue to be selective over which credits they buy — just as more deals are set to be launched, writes Addison Gong.

    • 25 Apr 2019
  • Xinyuan taps high coupon notes for $100m

    Xinyuan Real Estate Co tapped its existing 2021 notes on Wednesday, adding $100m to the bonds.

    • 25 Apr 2019
  • Redco builds second bond of 2019 for $180m

    Redco Properties Group returned to the market with a two year note on Tuesday, three months after it priced a larger 364-day transaction.

    • 24 Apr 2019
  • Chinese private sector defaulters pile up

    The Asian debt markets have been hit with a number of defaults from Chinese borrowers. China Minsheng Investment Corp (CMIG) has missed bond payments, as has Kangde Xin Composite Material Group.

    • 23 Apr 2019
  • Property firms lock in funding ahead of holiday weekend

    Three Chinese property companies courted high yield dollar investors on Wednesday, raising a combined $827m.

    • 18 Apr 2019
  • Melco wins big on latest dollar deal

    Melco, the casino operator, played its US investor cards on Wednesday to build a $500m bond sale.

    • 18 Apr 2019
  • Investors show everlasting love for perpetuals

    SMC Global Power Holdings Corp (SMCGP) sold a rare perpetual bond on Tuesday, proving that investors still like the format and the rarity of a Philippines credit.

    • 17 Apr 2019
  • US investors back Shriram again

    Shriram Transport Finance Co turned to US investors on Monday to help seal a $500m high yield bond, just weeks after selling a $400m Reg S trade.

    • 16 Apr 2019
  • Chinese property firms extend dollar run

    Three Chinese property companies raised a combined $1.625bn from international bond sales on Monday, continuing the flow of high yield paper into the offshore market.

    • 16 Apr 2019

High yield 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 8.97%
2 Goldman Sachs 5,994.79 21 8.78%
3 Morgan Stanley 4,359.35 28 6.38%
4 China International Capital Corp Ltd 3,925.11 17 5.75%
5 UBS 3,727.37 21 5.46%

Bookrunners of Asia Pacific (ex-Japan) G3 DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 12,820.23 113 8.54%
2 JPMorgan 9,032.10 54 6.01%
3 Citi 8,900.47 66 5.93%
4 Credit Suisse 5,896.22 44 3.93%
5 Standard Chartered Bank 5,747.27 53 3.83%

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.