Top Stories
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CMGE Tech launches $166m HK IPO
Chinese mobile game developer CMGE Technology Group has kicked off the roadshow for its up to HK$1.3bn ($166.3m) Hong Kong IPO, finding early support from international investors, according to a source close to the deal.
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Deutsche takes Nomura’s Cicchine for healthcare
Paolo Cicchine will join Deutsche Bank as vice-chairman of global healthcare coverage.
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Mapletree Trust seals $335m share sale at tight end
Mapletree Commercial Trust has raised S$458m ($335m) from a placement of new units, pricing the issue at the top of guidance after a strong turnout from new and existing investors.
Equity-linked
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China’s Pinduoduo taps CB trend for $875m
Nasdaq-listed Pinduoduo became the latest in a growing line of Chinese companies to tap the US convertible bond market, pocketing $875m after pricing its debut issuance at the tight end of guidance.
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Pinduoduo prices $875m CB with tasty terms
Nasdaq-listed Chinese company Pinduoduo has printed its debut convertible bond at the tight end of price guidance, pocketing $875m.
Comment
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Asia IPO rush is not a return to normal
Asia’s IPO market burst into life this month, with issuers in Hong Kong, South Korea, Singapore and the Philippines testing investor appetite for their listings. While the resurgence is welcome after a bleak year for issuance so far, it is likely to be short lived, with a lot also resting on early movers’ performances.
Bookrunners of Asia-Pac (ex-Japan) ECM
| Rank | Lead Manager | Amount $b | No of issues | Share % |
|---|---|---|---|---|
| 1 | Goldman Sachs | 11.56 | 53 | 6.98% |
| 2 | CITIC Securities | 11.15 | 64 | 6.74% |
| 3 | China International Capital Corp Ltd | 9.66 | 56 | 5.83% |
| 4 | UBS | 9.66 | 73 | 5.83% |
| 5 | Morgan Stanley | 9.43 | 59 | 5.70% |
From Our Global Coverage
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Aramco IPO still on but delay leaves buyers cold
Saudi Aramco has delayed the launch of its mega IPO for the second time in two years and investors are starting to tire of continued speculation and no hard numbers on valuation.
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SDCL Energy Efficiency Income Trust completes £100m share sale
SDCL Energy Efficiency Income Trust, the London-listed fund focused on energy efficiency projects, has raised £100m as it prepares to ramp up its investment activities.
More from Asia
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Bank Profiles
Latest news by market and league table performance
Panda Bonds Top Arrangers
| Rank | Arranger | Share % by Volume |
|---|---|---|
|
||
| 1 | Bank of China (BOC) | 27.09 |
| 2 | Industrial and Commercial Bank of China (ICBC) | 12.86 |
| 3 | China Merchants Bank Co | 11.85 |
| 4 | China Merchants Securities Co | 9.09 |
| 5 | Agricultural Bank of China (ABC) | 5.51 |
Bookrunners of Asia-Pac (ex-Japan) ECM
| Rank | Lead Manager | Amount $b | No of issues | Share % |
|---|---|---|---|---|
| 1 | Goldman Sachs | 11.56 | 53 | 6.98% |
| 2 | CITIC Securities | 11.15 | 64 | 6.74% |
| 3 | China International Capital Corp Ltd | 9.66 | 56 | 5.83% |
| 4 | UBS | 9.66 | 73 | 5.83% |
| 5 | Morgan Stanley | 9.43 | 59 | 5.70% |
Bookrunners of Asia Pacific (ex-Japan) G3 DCM
| Rank | Lead Manager | Amount $b | No of issues | Share % |
|---|---|---|---|---|
| 1 | HSBC | 29.40 | 258 | 8.37% |
| 2 | Citi | 23.83 | 167 | 6.79% |
| 3 | JPMorgan | 16.38 | 120 | 4.66% |
| 4 | Standard Chartered Bank | 16.13 | 163 | 4.59% |
| 5 | Bank of America Merrill Lynch | 12.50 | 94 | 3.56% |
Asian polls & awards
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Finance Minister of the Year, CEE
Djamshid Kuchkarov, Uzbekistan
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GlobalCapital China Capital Market Awards 2019: open for submissions
GlobalCapital China is pleased to invite you to participate in the GlobalCapital China Capital Market Awards 2019. Inaugurated last year under the GlobalRMB banner, the awards celebrate the accomplishments of the leading players in the renminbi debt capital markets, onshore and offshore, as well as key service providers.
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Last chance! GlobalCapital Asia Capital Market Awards 2019
GlobalCapital Asia is pleased to invite pitches for our annual capital markets and investment banking awards, which reward the most impressive transactions and investment banks of 2019.
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GlobalCapital reveals SRI Award nominations
GlobalCapital has published the nominations for its Sustainable and Responsible Capital Markets Awards. The winners will be announced on September 17, at our Awards Ceremony in Amsterdam.
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GlobalCapital SRI Awards: poll extended
In response to requests from market participants, GlobalCapital has extended the closing date of its poll to determine the 2019 winners of its Sustainable and Responsible Capital Markets Awards. Market participants can now vote until July 26.
