Latest equity-linked news

  • 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.

    • 26 Sep 2019
  • 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.

    • 25 Sep 2019
  • Pinduoduo launches $875m ADS convertible bond

    Chinese e-commerce platform Pinduoduo has opened books for a convertible bond backed by its American Depository Shares, in what has become an increasingly popular corner of the equity-linked market.

    • 24 Sep 2019
  • Alibaba drives Best CB debut on NYSE

    Chinese logistics company Best has sealed a $175m convertible bond, benefitting from a jumbo anchor order from Alibaba Group Holding.

    • 16 Sep 2019
  • Investors throng WuXi AppTec’s $300m CB

    WuXi AppTec took advantage of an incredible rally in its stock price and its rarity in the equity-linked market to raise $300m from a convertible bond that was a huge hit with investors. Rashmi Kumar reports.

    • 04 Sep 2019
  • JPM cashes in $400m from rare cash-settled Tencent EB

    JP Morgan has bagged $400m from a rare cash-settled exchangeable bond, with Tencent Holdings as the reference stock, according to a source close to the deal.

    • 02 Aug 2019
  • LG Display’s hot CB a sign of strong H2 activity

    LG Display tapped the convertible bond market for W813.6bn ($687.8m) this week, its first equity-linked outing since the global financial crisis. Although the deal came at a troubling time for the issuer, its popularity has set the stage for a strong second half for the market. Jonathan Breen reports.

    • 01 Aug 2019
  • Updated: LG Display prices CB to $688m

    South Korean digital display manufacturer LG Display has bagged W813.6bn ($687.8m) from a convertible bond, according to a term sheet seen by GlobalCapital Asia.

    • 31 Jul 2019
  • LG Display launches $700m convertible bond

    LG Display has hit the market with a convertible bond of up to $700m, according to a term sheet seen by GlobalCapital Asia.

    • 30 Jul 2019
  • Khazanah bags $500m from zero coupon EB

    Malaysian sovereign wealth fund Khazanah Nasional has managed to raise $500m from a tightly priced zero coupon exchangeable bond.

    • 12 Jul 2019

Equity-linked news archive

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 %
  • Last updated
  • Today
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 %
  • Last updated
  • Today
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

  • Finance Minister of the Year, CEE

    Djamshid Kuchkarov, Uzbekistan

  • 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.

  • 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.

  • 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.

  • 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.