Top Stories
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CSRC trims IPO review panel list
The China Securities Regulatory Commission (CSRC) has cut the number of members in its IPO review committee by two-thirds from 63 to 21, while also appointing a dozen new names to the panel.
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Srei Infra shelves subsidiary IPO, eyes private listing
Srei Infrastructure Finance has mothballed a plan to float its subsidiary Srei Equipment Finance as risk-off sentiment drives valuations down in India’s IPO market.
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Shenwan Hongyuan, Tai Hing serve up HK IPOs
Chinese investment bank Shenwan Hongyuan Group and Hong Kong-based restaurant owner Tai Hing Group are preparing their IPOs for this year.
Equity-linked
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Lenovo ditches call option for popular equity-linked debut
Hong Kong-listed Lenovo Group has given Asia its first real taste of equity-linked issuance for the year. The firm raked in $675m from its debut convertible bond (CB) after a flood of investors turned out for the deal, and as bankers gear up for more issuance. Jonathan Breen reports.
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Lenovo swells debut CB to net $675m
Lenovo Group boosted the size of its debut convertible bond to $675m after a flood of investors turned out for the deal, according to bankers on the mandate.
Comment
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When a bad deal leads to no deal, no one wins
Maintaining confidence in the system relies on trust that leaders — those selected for their competence and character to set the course for the rest of us — are well informed, able to communicate with others at their level and take decisions that serve the interests of those they lead.
Bookrunners of Asia-Pac (ex-Japan) ECM
| Rank | Lead Manager | Amount $m | No of issues | Share % |
|---|---|---|---|---|
| 1 | CITIC Securities | 1,277.35 | 6 | 14.99% |
| 2 | Goldman Sachs | 1,075.14 | 2 | 12.62% |
| 3 | Bank of China | 754.84 | 3 | 8.86% |
| 4 | China International Capital Corp Ltd | 721.75 | 3 | 8.47% |
| 5 | Guotai Junan Securities Co Ltd | 687.65 | 4 | 8.07% |
From Our Global Coverage
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Europe’s sole IPO garners interest among cautious buyers
The start of 2019 has been particularly quiet for equity capital markets bankers, but investors have been engaging with the only new listing in the market.
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Rusal sanctions are still working, even as they go
US sanctions on EN+ and Rusal look set to be lifted soon, but they have not been the failure that some emerging market investors claim.
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 |
|---|---|---|
|
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| 1 | China Merchants Securities Co | 14.44 |
| 2 | Industrial and Commercial Bank of China (ICBC) | 11.65 |
| 3 | Bank of China (BOC) | 10.33 |
| 4 | CITIC Securities | 8.41 |
| 5 | Agricultural Bank of China (ABC) | 7.17 |
Bookrunners of Asia-Pac (ex-Japan) ECM
| Rank | Lead Manager | Amount $m | No of issues | Share % |
|---|---|---|---|---|
| 1 | CITIC Securities | 1,277.35 | 6 | 14.99% |
| 2 | Goldman Sachs | 1,075.14 | 2 | 12.62% |
| 3 | Bank of China | 754.84 | 3 | 8.86% |
| 4 | China International Capital Corp Ltd | 721.75 | 3 | 8.47% |
| 5 | Guotai Junan Securities Co Ltd | 687.65 | 4 | 8.07% |
Bookrunners of Asia Pacific (ex-Japan) G3 DCM
| Rank | Lead Manager | Amount $m | No of issues | Share % |
|---|---|---|---|---|
| 1 | HSBC | 2,199.70 | 15 | 10.28% |
| 2 | Citi | 2,109.79 | 17 | 9.86% |
| 3 | JPMorgan | 1,192.62 | 8 | 5.58% |
| 4 | Standard Chartered Bank | 1,109.43 | 8 | 5.19% |
| 5 | UBS | 1,022.45 | 9 | 4.78% |
Asian polls & awards
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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.
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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.
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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.
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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.
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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.
