Latest sovereigns/sub-sovereigns news

  • Euro investors sticking by EM as rates rise

    Two emerging market (EM) sovereigns hit the euro market this week: one debuting and the other returning after a year-long absence. Both deals met with warm receptions, giving some credibility to the notion that euro investors will be happy to stay in EM deals even as quantitative easing (QE) winds up and rates climb.

    • 08 Nov 2018
  • PBoC pays up for first HK bill auction

    The People's Bank of China's Rmb20bn ($2.9bn) debut bill auction in Hong Kong showed investors are increasing their yield demands in the offshore renminbi market.

    • 08 Nov 2018
  • Kazakhstan slashes yield on euro debut

    Kazakhstan hit screens on Monday, selling its first euro denominated bonds. The sovereign issued a combined €1.05bn after slashing the yield from initial price thoughts.

    • 06 Nov 2018
  • Kazakhstan doubles up in euro market debut

    Kazakhstan entered the euro market for the first time on Monday, hitting screens with a dual tranche bond.

    • 05 Nov 2018
  • Kerala government preps debut Masala bond

    The government of Kerala is poised to sell its debut offshore rupee bond after a non-deal roadshow this month, in what could be the first Masala issuance since April.

    • 05 Nov 2018
  • PBoC bill plan signals tighter control of CNH market

    The People’s Bank of China will issue bills worth Rmb20bn ($2.87bn) in Hong Kong next week, in what analysts see as a signal of closer oversight of offshore renminbi (CNH) liquidity.

    • 02 Nov 2018
  • Foreign demand for onshore China bonds plunges as spreads narrow

    Foreign inflows to China’s onshore interbank bond market dropped to Rmb5.1bn ($734m) in September, down 91.5% from the previous month, amid narrowing spreads between China and the US and slowing economic growth.

    • 31 Oct 2018
  • Seychelles’ $15m blue bond is no ordinary green bond

    The Seychelles has issued its long-expected ‘blue bond’, to finance improvements in the sustainability of its fishing and marine tourism industries. The $15m deal is at the challenging end of the green bond market, since Seychelles is a risky credit that defaulted in 2008 and is highly exposed to climate change. It could tempt other sovereigns to follow.

    • 30 Oct 2018
  • Political turmoil hits Sri Lanka’s bond curve

    Sri Lanka’s dollar bonds took a beating on Monday as the country’s political crisis worsened, putting further pressure on the sovereign’s near-term financing prospects as it faces $1.5bn of maturities in early 2019.

    • 29 Oct 2018
  • Trio of SSAs brave dollar market amid US Treasury rally

    Three public sector borrowers shrugged off a rally in US Treasury yields to issue a combined $8.25bn in the primary market this week.

    • 25 Oct 2018

Sovereigns/Sub-sovereigns news archive

Panda Bonds Top Arrangers

Rank Arranger Share % by Volume
1 China Merchants Securities Co 16.70
2 Industrial and Commercial Bank of China (ICBC) 14.38
3 CITIC Securities 10.44
4 Agricultural Bank of China (ABC) 9.08
5 China CITIC Bank Corp 8.17

Bookrunners of Asia-Pac (ex-Japan) ECM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Goldman Sachs 16,522.26 78 7.58%
2 Morgan Stanley 14,119.84 65 6.48%
3 Citi 14,051.62 90 6.44%
4 UBS 12,377.19 76 5.68%
5 China International Capital Corp Ltd 10,849.77 43 4.98%

Bookrunners of Asia Pacific (ex-Japan) G3 DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 22,501.46 195 7.41%
2 Citi 22,176.06 147 7.30%
3 JPMorgan 14,738.77 90 4.85%
4 Bank of America Merrill Lynch 12,958.17 82 4.27%
5 Goldman Sachs 11,835.27 58 3.90%

Asian polls & awards

  • 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.

  • GlobalRMB awards: Person of the year, most impressive innovation

    In the final article on our GlobalRMB awards, we talk about the key innovation of the year and highlight the individual that has made the greatest contribution to the development of China’s cross-border capital markets.

  • GlobalRMB awards: Best bank for securities services

    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.

  • GlobalRMB awards: Best for 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.