Latest equity-linked news

  • Nomura jobs 'carnage' hits MENA chairman, capital solutions, converts

    The executive chairman of Nomura’s Middle East and North Africa business is among those set to leave the firm as part of a big restructuring. Senior bankers in EMEA capital solutions and convertibles are at risk of redundancy

    • 08 Apr 2019
  • Bilibili snags $737m from ADS, convertible combo

    Streaming platform Bilibili pulled off a combined convertible bond and American Depository Share (ADS) placement this week, raking in $737.4m after the fundraising was increased following strong Asian demand. The deal comes just a week after its larger peer iQiyi sold a record ADS convertible. Jonathan Breen reports.

    • 03 Apr 2019
  • Keppel Reit nets S$200m from debut CB

    Singapore-listed Keppel Real Estate Investment Trust (Reit) raised S$200m ($147.9m) from a convertible bond on Tuesday, its first tap of the equity-linked market.

    • 03 Apr 2019
  • Bilibili tees up $614m fundraising from CB, equity combo

    Nasdaq-listed Chinese streaming platform Bilibili has opened books for a concurrent convertible bond and placement of American Depository Shares, eyeing combined proceeds of up to $614m.

    • 02 Apr 2019
  • iQyi scores $1.1bn with record convertible

    Chinese streaming platform iQiyi, which is backed by internet giant Baidu, tapped the equity-linked market this week with a record-breaking deal — the largest American Depository Shares (ADS) convertible bond — and could help boost issuance in the asset class. Jonathan Breen reports.

    • 28 Mar 2019
  • iQiyi prices $1.1bn ADS convertible at top end

    Chinese streaming platform iQiyi bagged $1.05bn on Tuesday after tapping the equity-linked bond market for a second time, pricing the deal at the issuer-friendly end of guidance.

    • 27 Mar 2019
  • iQiyi back for more with $1.1bn ADS convertible bond

    Nasdaq-listed video streaming platform iQiyi has returned for a second time to the equity-linked market, having launched a one-day bookbuild on Tuesday for a convertible bond that could reach $1.05bn.

    • 26 Mar 2019
  • China Education makes convertible debut

    China Education Group Holdings tapped the equity-linked market on Thursday, raising HK$2.35bn ($300m) from its first convertible bond.

    • 22 Mar 2019
  • Link Reit breaks ground with HK$4bn green CB

    Link Real Estate Investment Trust has pulled off a record-breaking equity-linked deal, issuing the first green convertible notes in Asia Pacific, according to a source close to the transaction.

    • 08 Mar 2019
  • Magic in markets can mean danger or creation

    The root of arbitrage is the same thing being priced differently in two markets. As markets have got bigger and more sophisticated, arbitrage has become harder to find.

    • 07 Mar 2019

Equity-linked 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 9.33%
2 Goldman Sachs 5,769.14 19 8.78%
3 Morgan Stanley 4,329.51 27 6.59%
4 China International Capital Corp Ltd 3,860.18 16 5.88%
5 UBS 3,727.37 21 5.67%

Bookrunners of Asia Pacific (ex-Japan) G3 DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 12,559.15 112 8.47%
2 JPMorgan 8,989.78 54 6.06%
3 Citi 8,889.38 66 6.00%
4 Credit Suisse 5,789.03 42 3.91%
5 Standard Chartered Bank 5,664.76 52 3.82%

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.