• Landsea prices bond after two day bookbuild

    Chinese property company Landsea Green Group Co closed its $150m bond on Friday afternoon following a two day bookbuilding process.

    • 20 Apr 2018
  • Landsea keeps books open for second day

    Landsea Green Group Co, a Chinese property company, is taking orders for a green dollar bond for a second day, having started bookbuilding on Thursday morning local time.

    • 20 Apr 2018
  • S&P takes on MSCI in ESG ratings as political pressure rises

    S&P Global Ratings is preparing to launch an ESG Evaluation product, competing directly with socially responsible investment (SRI) rating firms such as MSCI and Sustainalytics.

    • 19 Apr 2018
  • Investors struggle with Star Energy project bond

    Indonesia’s Star Energy Geothermal raised $580m from its debut green bond this week, selling a deal that also had some of the hallmarks of a project finance deal — a rare combination in Asia’s credit market. But the deal hit several speed bumps along the way. Morgan Davis reports.

    • 19 Apr 2018
  • Books still open for Mongolyn Alt’s dollar bond

    Coal mining company Mongolyn Alt (MAK) has further extended bookbuilding for its five year non-call two transaction, which is now expected to be priced in the week of April 23. The deal started taking orders officially on Tuesday.

    • 19 Apr 2018
  • Chinese property issuers pay up to build bonds

    Several Chinese real estate companies, including Sunac China Holdings and Central China Real Estate, took advantage of relatively stable markets to ride the dollar issuance momentum this week. But supply pressure meant that many saw their bonds then trade under water.

    • 19 Apr 2018
  • Mongolyn Alt extends bookbuilding on dollar bond

    Coal mining company Mongolyn Alt (MAK) is understood to have extended the bookbuilding process for a five non call two year transaction that was opened for orders on Tuesday.

    • 18 Apr 2018
  • R&F nets $600m from tender/new issue, Hongqiao returns

    China’s Guangzhou R&F Properties Co, the once troubled China Hongqiao Group and a local government-owned entity in Xinjiang all managed to pull off new dollar bonds on Tuesday, albeit with some difficulty.

    • 18 Apr 2018
  • Star Energy pushes out $580m green deal

    Indonesia’s Star Energy Geothermal (Wayang Windu) put together its first green bond on Tuesday after weeks of courting investors. Its $580m deal was meant to have a similar reception as the blow-out project finance trade from Paiton Energy Co in 2017, but the more difficult market backdrop posed a challenge.

    • 18 Apr 2018
  • SoftBank smooths IPO path with HY refi

    Japanese telecoms group Softbank opened the week in the European high yield market with a multi-billion refinancing deal to redeem its old 2013 bonds — and delete a covenant that could get in the way of its flotation.

    • 17 Apr 2018
  • Chinese property credits keep HY bonds humming

    Four high yield property companies, Sunac China Holdings, Central China Real Estate, Jingrui Holdings and Yanlord Land Group, raised a total of $2.05bn on Monday, with some of them focusing on price and the others on size. But irrespective of their strategy, recent heavy supply pushed their bonds lower in the secondary market.

    • 17 Apr 2018
  • Chinese developers rush to market for refi

    Chinese property developers are rushing to sell dollar bonds as momentum picks up and the market stabilises. While heavy supply is weighing on investors’ minds, their familiarity with the sector and issuers’ willingness to pay up may be able to safeguard the deals.

    • 16 Apr 2018
  • Chinese property companies dole out three year bonds

    Chinese real estate companies Cifi Holdings Group Co and Fujian Yango Group Co rolled out three year dollar bonds on Thursday, paying investors hefty premiums to get their deals done.

    • 13 Apr 2018
  • Yuexiu bags $1.2bn as Founder Group finds PB support

    Yuexiu Property Company priced a two-tranche dollar bond on Thursday but decided to ditch a potential offshore renminbi deal. Separately, Peking University Founder Group Co returned with another bond with a keepwell structure for $425m.

    • 13 Apr 2018
  • Chinese property companies nab dollar bonds

    China SCE Property Holdings and Powerlong Real Estate Holdings paid up to complete their dollar bonds on Tuesday, but the new issue premiums were widely expected by bankers.

    • 11 Apr 2018
  • Logan brings Sing dollar Chinese property bonds back to life

    Logan Property Holdings Company sold its first Singapore-dollar denominated bond on Tuesday to support its growing presence in the country, raising a larger-than-expected S$200m ($152.6m). The deal is the first in the currency from a Chinese real estate name in almost four years.

    • 11 Apr 2018
  • Chinese issuers ready offshore bond comebacks

    Peking University Founder Group Co, BOC Aviation and Yuexiu Property Co are meeting investors for their upcoming bond plans, while China National Chemical Corp’s Swiss subsidiary Syngenta is also gearing up for a mega deal.

    • 06 Apr 2018
  • First quarter DCM volumes disappoint, but optimism remains

    Debt bankers in Hong Kong were back after a four-day Easter break on Tuesday to some disappointing issuance numbers from the first quarter of the year. But with a decent pipeline of deals, they are keeping their fingers crossed for a pick-up in activity.

    • 03 Apr 2018

Panda Bonds Top Arrangers

Rank Arranger Share % by Volume
1 China Merchants Securities Co 18.47
2 Agricultural Bank of China (ABC) 16.20
2 CITIC Securities 16.20
4 China CITIC Bank Corp 14.58
5 Industrial and Commercial Bank of China (ICBC) 11.34

Bookrunners of Asia-Pac (ex-Japan) ECM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 8,204.66 32 8.64%
2 Morgan Stanley 7,597.79 22 8.00%
3 Goldman Sachs 7,294.64 26 7.68%
4 China Securities Co Ltd 5,454.82 15 5.74%
5 Bank of America Merrill Lynch 5,244.96 10 5.52%

Bookrunners of Asia Pacific (ex-Japan) G3 DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 10,813.77 80 7.55%
2 Citi 8,012.60 53 5.60%
3 Goldman Sachs 7,087.22 26 4.95%
4 JPMorgan 7,025.39 30 4.91%
5 Bank of America Merrill Lynch 5,916.31 29 4.13%

Asian polls & awards

  • 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.

  • Regional Capital Markets Awards Part II: Equities

    In the second instalment of our 2017 awards, we present the full write-ups of the winners for Best Follow-On/Accelerated Bookbuild, Best Equity-Linked Deal, Best IPO, Best ECM Deal and Best ECM House.

  • Regional Capital Markets Awards Part I: Loans

    In the first instalment of our 2017 awards, we present the full write-ups of the winners for Best Investment Grade Syndicated Loan, Best High Yield Syndicated Loan, Best Leveraged/Acquisition Finance, Best Loan and Best Loans House.