Latest equity-linked news

  • 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
  • Qudian rides on strong credentials for $300m CB

    Chinese online lender Qudian benefitted from active engagement with equity-linked investors to explain its business and growth potential to raise $300m from a popular convertible bond.

    • 27 Jun 2019
  • Qudian sets the stage for $250m CB

    New York-listed Qudian is seeking $250m from a convertible bond, with the company entering into capped call transactions with investment banks — an increasingly popular tool being used by issuers recently.

    • 26 Jun 2019
  • Luye Pharma boosts convertible to $300m

    Hong Kong-listed Luye Pharma Group sealed a convertible bond on Monday night, raising $300m from the increased deal.

    • 25 Jun 2019
  • Trump tweet helps YY CB draw surge in risk appetite

    Chinese video-based social media platform YY pocketed $850m from a well-timed dual-tranche convertible bond. The deal — launched after repeated indications of interest in US-listed stocks — landed on a burst of risk appetite that followed US president Donald Trump’s tweet confirming his meeting with Chinese leader Xi Jinping at the G20 gathering in Japan next week. Jonathan Breen reports.

    • 20 Jun 2019
  • YY eyes $850m from dual-tranche CB

    Nasdaq-listed Chinese social media platform YY hit the market with an $850m dual-tranche convertible bond on Wednesday.

    • 19 Jun 2019

Equity-linked news archive

Panda Bonds Top Arrangers

Rank Arranger Share % by Volume
1 Bank of China (BOC) 19.93
2 Industrial and Commercial Bank of China (ICBC) 13.40
3 China Merchants Securities Co 12.94
4 Agricultural Bank of China (ABC) 7.84
5 China Securities 6.54

Bookrunners of Asia-Pac (ex-Japan) ECM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 CITIC Securities 9,784.84 51 7.39%
2 Goldman Sachs 8,917.01 37 6.73%
3 Morgan Stanley 8,062.73 52 6.09%
4 China International Capital Corp Ltd 7,479.26 47 5.65%
5 UBS 7,365.18 51 5.56%

Bookrunners of Asia Pacific (ex-Japan) G3 DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 22,810.26 200 8.33%
2 Citi 17,061.26 128 6.23%
3 JPMorgan 14,213.30 96 5.19%
4 Standard Chartered Bank 12,123.46 119 4.43%
5 Bank of America Merrill Lynch 10,117.96 78 3.70%

Asian polls & awards

  • 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.

  • GlobalCapital opens 2019 poll for SRI Awards

    GlobalCapital has launched its poll to determine the 2019 winners of its Sustainable and Responsible Capital Markets Awards. Market participants are invited to participate.

  • GlobalCapital launches Sustainable Financing and Investing Survey

    GlobalCapital is conducting a global research survey on the fast-changing markets for sustainable financing and investing. It will combine the views of issuers and investors to give a nuanced picture of how this trend is changing capital markets for both groups.

  • 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.