Latest investment grade loans news
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Chow Tai Fook allocates HK$6bn with 17 lenders
Hong Kong’s jewellery retailer Chow Tai Fook has closed a HK$6bn-equivalent five year borrowing with 17 banks.
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Grand Auto revs up $420m debut offshore loan
China Grand Automotive Services, the parent of Grand Baoxin Auto Group, has made its debut in the offshore loan market, four months after it raised an onshore facility. The company wants to raise $420m.
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CCB Leasing back in offshore loans after four years
CCB Financial Leasing, a subsidiary of China Construction Bank, has returned to the syndicated loans market after a four year absence.
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Reliance Schuldschein ‘considerably exceeds’ initial target
Arrangers of Reliance Industries’ debut Schuldschein have sent investors a statement saying that demand “considerably exceeds the initial volume” target of €150m. The success of the transaction came as a surprise to some of the arrangers’ competitors, but is considered a good sign for the market.
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Reliance Industries returns for dollar, yen loan
Reliance Industries is tapping the Japanese yen market as part of a $1.5bn dual-currency loan syndication.
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Bocom Leasing seeks $200m green loan
Bank of Communications Financial Leasing is tapping the offshore loan market for $200m green loan, just one month after it launched an onshore facility.
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Olam raises $350m digital performance loan
Singapore agricultural commodity company Olam International and its wholly owned subsidiary Olam Treasury have raised the firm's first loan where its funding costs are linked to the digitisation of the company.
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China Everbright Greentech closes HK$1bn green loan
China Everbright Greentech, an environmental protection service provider under China Everbright International, has closed a green loan of HK$1bn ($127m).
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Sino Biopharma boosts loan to $1bn
Sino Biopharmaceutical has increased its refinancing loan to $1bn after receiving a strong response during syndication.
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Indo Eximbank breaches NPL ratio covenant, more SE Asian borrowers to struggle this year
A jump in Indonesia Eximbank’s non-performing loan (NPL) ratio caused it to breach a loan covenant, it was revealed this week. Lenders reckon the policy bank is likely to be successful in gaining their consent to waive the covenant, but growing NPLs will make it difficult for other south and southeast Asian borrowers to raise funds, writes Pan Yue.
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Bank Profiles
Latest news by market and league table performance
Panda Bonds Top Arrangers
| Rank | Arranger | Share % by Volume |
|---|---|---|
|
||
| 1 | China Merchants Securities Co | 26.40 |
| 2 | Industrial and Commercial Bank of China (ICBC) | 20.00 |
| 3 | China Securities | 13.33 |
| 4 | Agricultural Bank of China (ABC) | 12.00 |
| 5 | Bank of China (BOC) | 11.33 |
Bookrunners of Asia-Pac (ex-Japan) ECM
| Rank | Lead Manager | Amount $m | No of issues | Share % |
|---|---|---|---|---|
| 1 | CITIC Securities | 6,126.98 | 28 | 9.16% |
| 2 | Goldman Sachs | 5,830.12 | 20 | 8.72% |
| 3 | Morgan Stanley | 4,329.51 | 27 | 6.48% |
| 4 | China International Capital Corp Ltd | 3,921.06 | 17 | 5.86% |
| 5 | UBS | 3,727.37 | 21 | 5.58% |
Bookrunners of Asia Pacific (ex-Japan) G3 DCM
| Rank | Lead Manager | Amount $m | No of issues | Share % |
|---|---|---|---|---|
| 1 | HSBC | 12,570.23 | 112 | 8.45% |
| 2 | JPMorgan | 9,000.86 | 54 | 6.05% |
| 3 | Citi | 8,900.47 | 66 | 5.98% |
| 4 | Credit Suisse | 5,860.46 | 43 | 3.94% |
| 5 | Standard Chartered Bank | 5,747.27 | 53 | 3.86% |
Asian polls & awards
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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.
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GlobalCapital Asia capital markets awards 2018: Bonds
In part three of our results announcements, we reveal the winning bond deals across a variety of categories. In addition, we also name the Best G3 Bond House, Best Local Currency Bond House, Best High Yield Bond House and the debut winner of the Best House for SRI Financing.
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GlobalCapital Asia capital markets awards 2018: Equities
In part two of our results announcements, we reveal the winning equity deals and banks, including the Best Follow-on/Accelerated Bookbuild, Best Equity-Linked Deal, Best IPO, Best ECM Deal and Best ECM House.
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GlobalCapital Asia capital markets awards 2018: Loans
GlobalCapital Asia has spent the last two months talking to banks and their clients in a bid to determine the most impressive capital markets transactions and advisers across Asia ex-Japan in 2018. We are pleased to begin our awards announcements in the loan market.
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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.
