Latest sovereigns/sub-sovereigns news

  • GlobalCapital Asia regional capital markets awards 2017: the winners

    Over the last two months, GlobalCapital Asia's team has conducted pitch meetings with banks to decide the most impressive capital markets transactions and advisers in Asia in 2017.

    • 12:15 AM
  • Philippines receives long overdue upgrade to BBB

    Fitch Ratings upgraded the Philippines to BBB with a stable outlook from BBB- on Monday, citing the country’s strong economic performance, a move that some economists say was a long time coming.

    • 11 Dec 2017
  • Indonesia proves savvy with $4bn maiden SEC registered bond

    The Republic of Indonesia added yet another feather to its cap this week, selling its first SEC-registered bond on Monday. The sovereign has long been considered one of the most sophisticated debt issuers in Asia, and its new $4bn transaction shows how far it has come, writes Morgan Davis.

    • 07 Dec 2017
  • Indonesia goes big with first SEC-registered bond

    The Republic of Indonesia grabbed $4bn on Monday from its first SEC-registered bond, pricing all the three tranches within its curve while also diversifying its investor base.

    • 05 Dec 2017
  • Indonesia offers up triple-tranche dollar bond

    The Republic of Indonesia is back for its fourth outing in the international debt market this year. But the sovereign is offering something a little different to investors this time around, taking bids for its first SEC-registered bond.

    • 04 Dec 2017
  • Russia runs Baikal bond roadshow in China

    The inaugural issuance of Baikal bonds — denominated in renminbi and issued in Russia — has come closer this week as the Russian Ministry of Finance toured Hong Kong and Mainland China on a non-deal roadshow, sources told GlobalRMB.

    • 30 Nov 2017
  • Pakistan sovereign nabs $2.5bn from bonds

    The Islamic Republic of Pakistan raised $2.5bn from a sukuk and a conventional bond on Thursday, finding strong support from the buy-side.

    • 30 Nov 2017
  • Pakistan sovereign unveils dollar, sukuk offerings

    The Islamic Republic of Pakistan opened its dollar-denominated sukuk and conventional bonds for bids on Wednesday, just days after the country’s government was forced to bring in the army to tackle protests in the capital.

    • 29 Nov 2017
  • India’s rating upgrade: too little, too late

    India rejoiced late last week when Moody’s upgraded the sovereign's rating for the first time in 14 years. The boost has certainly stirred up some positive sentiment around the country and is a great stamp of approval for the numerous reforms it has put in place over the past year. But in reality, it will be business as usual, and the ratings lift will only have a limited impact — unless India thinks big.

    • 22 Nov 2017
  • Pakistan eyes dollar, sukuk markets

    The Islamic Republic of Pakistan has set the stage for a dollar-denominated sukuk and a dollar conventional bond, hiring banks for the transaction.

    • 21 Nov 2017

Sovereigns/Sub-sovereigns news archive

Panda Bonds Top Arrangers

Rank Arranger Share % by Volume
1 Bank of China (BOC) 28.62
2 CITIC Securities 21.06
3 China CITIC Bank Corp 9.72
4 China Merchants Bank Co 9.18
5 Industrial and Commercial Bank of China (ICBC) 7.56

Bookrunners of Asia-Pac (ex-Japan) ECM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 CITIC Securities 16,270.37 85 6.32%
2 UBS 14,128.60 88 5.49%
3 Goldman Sachs 11,744.37 58 4.56%
4 China International Capital Corp Ltd 11,422.00 55 4.44%
5 Morgan Stanley 10,900.56 58 4.23%

Bookrunners of Asia Pacific (ex-Japan) G3 DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 35,178.30 245 8.08%
2 Citi 34,267.00 196 7.87%
3 JPMorgan 26,001.66 142 5.97%
4 Bank of America Merrill Lynch 21,496.54 111 4.93%
5 Standard Chartered Bank 19,923.39 139 4.57%

Asian polls & awards