Latest sovereigns/sub-sovereigns news

  • Philippines squeezes pricing for Samurai comeback

    The Republic of the Philippines took advantage of Japanese investors’ hunger for yield with a tightly priced four-tranche ¥92bn ($863.4m) Samurai bond.

    • 05 Aug 2019
  • Rigging Libor was wrong but so is tossing away the benchmark

    UBS and Citi trader Tom Hayes was jailed for 11 years for manipulating Libor. But while the trader argued that he was made a scapegoat for the financial crisis, perhaps the rate he rigged is a bigger victim.

    • 30 Jul 2019
  • India should pause sovereign bond plans

    India’s plan to sell its first international bond has been caught in a battle of wills between the ministry of finance and the government. While any issuance is likely to be received well by the market, the sovereign should hold off on a deal until it is ready to present a united front to investors.

    • 29 Jul 2019
  • Years after Libor scandal, experts argue benchmark should stay

    As the market prepares for Libors to end their run as the world’s most prevalent reference rates, there is growing support for the benchmarks to be reprieved.

    • 25 Jul 2019
  • Kowepo’s offering tempts sovereign and central bank buyers

    Korea Western Power Co (Kowepo), the power supplier owned by state-backed Korea Electric Power Corp, sold $300m of three year notes on Monday, riding on strong demand from sovereign wealth funds and central banks.

    • 16 Jul 2019
  • India bond debut sparks banker speculation about price, tenor and timing

    India’s plan to sell foreign currency bonds for the first time has prompted eager speculation among debt bankers in Asia. While bankers disagree over when the deal will launch and exactly what fair value will be, many expect the deal to come with a razor-thin spread. Silas Brown reports.

    • 11 Jul 2019
  • India plans ‘most awaited’ international sovereign bond

    India is planning to sell foreign currency bonds for the first time, in a move that has excited capital markets participants and raised debate about the deal’s timing and pricing.

    • 08 Jul 2019
  • Updated: China sells inaugural CNH bond in Macau

    The Chinese Ministry of Finance (MoF) completed its maiden Rmb1.7bn ($247m) three year offshore renminbi bond in Macau on Thursday, pricing it slightly higher than onshore government bonds.

    • 04 Jul 2019
  • PBoC prices CNH bills as MoF readies Macau debut

    The People's Bank of China priced two tranches of offshore renminbi notes worth Rmb30bn ($4.36bn) on Wednesday, ahead of a planned CNH debut by the Ministry of Finance in Macau next week.

    • 26 Jun 2019
  • Sri Lanka grabs $2bn from investors

    The Democratic Socialist Republic of Sri Lanka made a quick return to the dollar market on Monday, raising $2bn just a few months after sealing a larger $2.4bn offering.

    • 25 Jun 2019

Sovereigns/Sub-sovereigns 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.