• China’s Nio recharges with $650m debut convertible

    Chinese electric car company Nio made a splash in the US convertible bond market this week, raising $650m from its debut issuance and using a call spread feature to engineer a tasty premium. Jonathan Breen reports.

    • 31 Jan 2019
  • Greece restarts curve rebuild with ‘well timed’ five year, Cyprus to follow

    Greece’s highly anticipated return to the public bond markets on Tuesday met with a strong reception from investors. With up to €4.5bn more of benchmark bonds to issue in 2019, Greece is expected to return to the markets for a second syndication this year, which bankers say could be in the 10 year part of the curve. Cyprus will look to follow up on Greece’s success after setting out plans to roadshow a euro transaction in February.

    • 29 Jan 2019
  • Maoyan was right to play it safe with IPO

    Chinese new economy company Maoyan Entertainment priced its Hong Kong IPO this week, after a short delay that allowed it to add a high-profile cornerstone investor. Don’t let the deal’s bottom-of-the-range pricing fool you: the company and its banks made the right move.

    • 29 Jan 2019
  • Maoyan prices HK IPO low to net $250m

    Chinese firm Maoyan Entertainment has sealed its IPO at the bottom of guidance, raising HK$1.96bn ($249.8m) in Hong Kong after an extended roadshow.

    • 28 Jan 2019
  • KEB uses sustainability label for $600m bond

    South Korea’s KEB Hana Bank has locked up a dual-tranche sustainability bond at zero new issue premium, appealing to investors with its strong credit story and rarity value in the public dollar market.

    • 24 Jan 2019
  • Maoyan extends IPO roadshow, wins Xiaomi backing

    China’s Maoyan Entertainment has changed the timetable of its HK$2.7bn ($344.2m) IPO and roped in three new cornerstone investors, including smartphone giant Xiaomi Corp.

    • 21 Jan 2019
  • CMB Wing Lung lands tight pricing for AT1

    CMB Wing Lung Bank, the Hong Kong-based subsidiary of China Merchants Bank, has printed the year's first Basel III-compliant additional tier one note from Asia, taking $400m from a deal that was priced well inside analysts’ view on fair value.

    • 18 Jan 2019
  • Tencent-backed Maoyan launches $344m IPO

    China-based Maoyan Entertainment, best known for its online movie ticketing platform, kicked off bookbuilding on Friday for a HK$2.7bn ($344.2m) IPO.

    • 18 Jan 2019
  • Yield-hungry investors buoy property bonds

    The party in Chinese high yield real estate bonds continued this week, with China Aoyuan Group, Zhenro Properties and Yuzhou Properties taking home $1.15bn between them on Tuesday.

    • 16 Jan 2019
  • High yield momentum continues as Future Land prices

    Future Land Development Holdings got a head start on other high yield issuers gearing up to hit the bond market this week, raising $300m on Monday at a level that was 37.5bp inside initial guidance.

    • 15 Jan 2019
  • BAML appoints two Apac presidents

    Bank of America Merrill Lynch has appointed two senior bankers as co-presidents of Asia Pacific, succeeding Matthew Koder who took on a new position last year.

    • 14 Jan 2019
  • SBI mandates five to lead record $2.8bn QIP

    State Bank of India has lined up five firms to run its Rp200bn ($2.75bn) equity fundraising, set to be the country’s largest share sale.

    • 11 Jan 2019
  • Yapi Kredi USD650m 13.875% Perp NC 5

    • 10 Jan 2019
  • Yapi Kredi lays down a marker for peers with AT1

    Yapi Kredi sold the first ever public additional tier one (AT1) bond from Turkey on Wednesday, which leads said would act as a benchmark for future issuers from the country despite the deal having been largely sold to the borrower’s shareholders.

    • 10 Jan 2019
  • YuHua Education boosts CB to HK$940m

    China YuHua Education Corp has bagged HK$940m ($119.9m) from a sub-one year convertible bond, bumping up the deal size on the back of strong hedge fund demand.

    • 10 Jan 2019
  • Anta launches €2.2bn loan with HSBC joining as MLAB

    Anta Sports Products has launched its €2.2bn loan to back the acquisition of Amer Sports Oyj into general syndication, with HSBC joining the bookrunning group.

    • 10 Jan 2019
  • Yapi Kredi sets pricing for first Turkish AT1 bond

    Yapi Kredi, the Turkish bank, has set the pricing for its additional tier one bond though eschewing a “traditional bookbuild process”.

    • 09 Jan 2019
  • YuHua Education tees up HK$800m CB

    China YuHua Education Corp has launched bookbuilding for a sub-one year convertible bond that could raise up to HK$800m ($102.1m).

    • 09 Jan 2019
  • Yapi Kredi to offer first non-sovereign Turkish paper since April

    Yapı ve Kredi Bankası is planning an additional tier one dollar benchmark that looks likely to be the first issue of non-sovereign international bonds from the country since April.

    • 08 Jan 2019
  • Aoyuan gets ahead of the game with tap

    China Aoyuan Group stayed a step ahead of its property peers by raising a comfortable $275m from a tap of its 2021 notes on Thursday, one of two dollar bonds to be priced in Asia so far in the new year.

    • 04 Jan 2019

All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 132,387.73 545 8.30%
2 Citi 123,981.47 487 7.78%
3 Bank of America Merrill Lynch 105,093.26 413 6.59%
4 Barclays 99,545.40 383 6.24%
5 HSBC 81,053.20 424 5.08%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Bank of America Merrill Lynch 11,525.35 30 7.25%
2 BNP Paribas 8,422.96 46 5.30%
3 UniCredit 8,389.55 43 5.28%
4 Deutsche Bank 8,298.69 30 5.22%
5 Commerzbank Group 7,837.68 40 4.93%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Morgan Stanley 4,425.28 19 11.23%
2 Goldman Sachs 4,006.06 15 10.16%
3 Citi 3,527.84 22 8.95%
4 JPMorgan 2,809.08 19 7.13%
5 UBS 2,241.39 12 5.69%