• Government push heats up Masala issuance

    Indian power company NTPC sold its second Masala bond on Tuesday, hitting the market a day after the National Highways Authority of India (NHAI) kicked off a roadshow for its debut. With more state-owned companies expected to jump on the Masala bandwagon, the government’s efforts at boosting the market appear to be paying off, writes Morgan Davis.

    • 27 Apr 2017
  • NTPC cooks up Rp20bn Masala bond

    India’s NTPC sealed a Rp20bn ($311m) five year Masala bond on Tuesday, as the country continues its struggle to develop the offshore rupee market.

    • 26 Apr 2017
  • S Chand opens $113m IPO as Hudco eyes launch

    S Chand and Co has started bookbuilding for its Rp7.3bn ($112.8m) float in India after anchor investors took up 30% of the deal at the top of the marketing range.

    • 26 Apr 2017
  • Changes at the top for Axis Bank loan syndications team

    Indian lender Axis Bank has promoted its international loan syndications head to lead the operation globally, according to sources.

    • 25 Apr 2017
  • Vedanta syndicate shrinks as one lender goes solo

    The top lending group for a dual-tranche borrowing by Vedanta Group has shrunk after one bank dropped out of the syndicate to tie up its portion of the financing bilaterally.

    • 25 Apr 2017
  • SBI Life Insurance seeks pitches for India float

    SBI Life Insurance Co is asking banks to pitch for a role in its India IPO, issuing a request for proposals on Monday.

    • 25 Apr 2017
  • NTPC spices up market with Masala bond

    India’s NTPC opened books for a new offshore rupee offering on Tuesday, the second Masala transaction to hit the market this year.

    • 25 Apr 2017
  • NHAI starts Masala bond roadshow

    National Highways Authority of India is preparing investors for a new Masala transaction, the issuer’s first in the offshore rupee market.

    • 24 Apr 2017
  • S Chand to launch bookbuilding for $113m float

    S Chand and Co is set to raise Rp7.3bn ($112.8m) from its listing in India, with books scheduled to open on Wednesday.

    • 21 Apr 2017
  • SBI invites retail participants for $500m three year deal

    Invitations are out for a $500m three year borrowing for State Bank of India, which has lined up 13 lenders to lead the deal with the money funded in March.

    • 12 Apr 2017
  • Novelis wraps up $1.8bn term loan B refi

    Aditya Birla Group unit Novelis wound up a $1.8bn Asian refinancing of its US term loan B at the end of March, with eight banks joining during general syndication.

    • 10 Apr 2017
  • Bank names emerge for $750m Vedanta financing

    Eight lenders will arrange a $750m five year borrowing for an entity in the Vedanta Group, in a deal that has been in discussion since January.

    • 10 Apr 2017

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 16,398.71 87 6.20%
2 UBS 14,468.05 89 5.47%
3 Morgan Stanley 12,696.27 63 4.80%
4 Goldman Sachs 11,964.67 61 4.53%
5 China International Capital Corp Ltd 11,605.84 57 4.39%

Bookrunners of Asia Pacific (ex-Japan) G3 DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 35,355.30 248 7.98%
2 Citi 34,549.67 198 7.80%
3 JPMorgan 26,213.80 145 5.92%
4 Bank of America Merrill Lynch 21,812.93 113 4.92%
5 Standard Chartered Bank 18,550.38 140 4.19%

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