Latest SSA local currency bond news

  • ADBC debuts in dollars, revisits CNH

    Chinese policy bank Agricultural Development Bank of China made its first foray into the dollar bond market on a busy Wednesday to raise $700m, alongside a Rmb1.2bn ($175m) return to offshore renminbi.

    • 20 Sep 2018
  • Russia’s commitment to renminbi funding plans is still MIA

    China has made little headway in persuading the Russian government and Russian institutions into using the renminbi, as the fate of a sovereign bond in the currency remains uncertain and trading of RMB products stalls. But market participants are not giving up just yet, with a new trading platform set to launch next year, writes Paolo Danese.

    • 06 Sep 2018
  • Philippines goes larger on Samurai return

    The Republic of the Philippines attracted more investor demand than expected on its return after eight years to the Japanese yen bond market. Its outstanding dollar bonds outperformed in secondary trading as the new deal was being marketed.

    • 09 Aug 2018
  • Quebec hires four for Panda sale

    The Canadian province of Quebec has mandated four banks, including two international firms, to underwrite its first bond in China, a finance official at the provincial government told GlobalRMB.

    • 09 Aug 2018
  • Bear-ly moving: SSAs crawl towards Panda debuts

    Sri Lanka and Turkey are preparing to sell their first Panda bonds, enticed by falling funding costs in China's bond markets. But given they both have lower credit ratings than previous sovereign Panda issuers, they may face an uphill battle as regulators scrutinise their finances.

    • 08 Aug 2018
  • Nafmii quizzes Portugal’s finances over Panda

    Portugal will need to disclose more information about its finances to proceed with its planned Panda bond issuance in China, according to a document published on the regulator’s website but later pulled.

    • 03 Aug 2018
  • Bond market ‘correction’ boosts Panda SSA pipeline

    Four issuers, sovereign and sub-sovereign, are drawing closer to their debuts in China’s Panda bond market, as they seek to take advantage of falling yields in the Mainland, sources told GlobalRMB.

    • 19 Jul 2018
  • Chinese MoF defies trade war fears, plots return to bonds

    China’s Ministry of Finance is prepping a comeback to the dollar bond market, less than a year after ending a 13-year hiatus. But can it replicate the success of its 2017 blockbuster transaction? Morgan Davis and Noah Sin find out.

    • 28 Jun 2018
  • IFC deepens Philippines’ green bond market

    The International Finance Corp (IFC) issued the first internationally rated triple-A green bond denominated in peso last week, raising $90m.

    • 25 Jun 2018
  • KDB finds size and price in choppy market

    Korea Development Bank sold a dual-listed offshore renminbi bond on Tuesday amid volatile markets. But it achieved the largest size for a CNH bond issue in more than a month, while also pricing inside one of its peers.

    • 20 Jun 2018

SSA local currency bond news archive

Panda Bonds Top Arrangers

Rank Arranger Share % by Volume
1 China Merchants Securities Co 19.83
2 Industrial and Commercial Bank of China (ICBC) 14.01
3 CITIC Securities 11.86
4 Agricultural Bank of China (ABC) 10.78
5 China CITIC Bank Corp 9.70

Bookrunners of Asia-Pac (ex-Japan) ECM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Goldman Sachs 15,469.75 70 7.92%
2 Morgan Stanley 13,466.46 57 6.90%
3 Citi 13,244.21 81 6.78%
4 China International Capital Corp Ltd 10,197.61 35 5.22%
5 UBS 10,011.63 64 5.13%

Bookrunners of Asia Pacific (ex-Japan) G3 DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 19,956.43 167 7.49%
2 Citi 19,598.11 125 7.36%
3 JPMorgan 12,963.00 77 4.87%
4 Bank of America Merrill Lynch 12,162.96 75 4.57%
5 Goldman Sachs 10,929.25 52 4.10%

Asian polls & awards

  • GlobalRMB's best bank for securities services: Standard Chartered

    Securities services was one of the most competitive award categories GlobalRMB had to decide this year. Our awards criteria demanded the near-impossible from participating banks: to beat the competition in the fast-changing China access scheme, while at the same time demonstrating a broad client base and the ability to be at the cutting edge of innovation.

  • China DCM Best Bank Awards: ABS, CNH, G3 and Panda bonds

    In GlobalRMB's Best Bank Awards for China DCM, Standard Chartered wins for ABS and CNH, HSBC takes home the G3 Bond House Award, and Bank of China gets kudos as the Best House for Panda bond issuers.

  • Now open! GlobalCapital Asia Capital Market Awards 2018

    GlobalCapital Asia is pleased to invite pitches for our annual capital markets and investment banking awards, rewarding the most impressive transactions and investment banks of 2018.

  • SRI Award Winners 2018 revealed

    GlobalCapital announced the winners of its Sustainable and Responsible Capital Markets Awards 2018 in Amsterdam on Tuesday evening. This year’s two sovereign debut green finance issues, from Indonesia and Belgium, won Deals of the Year in their regions, and there were double laurels for Danone, in both the bond and loan markets.

  • The results are in! GlobalRMB announces award winners

    GlobalRMB is pleased to announce the winners of its inaugural awards, honouring those banks, companies and individuals that have made the biggest contribution to bridging the gap between China and the rest of the world.