• China Gas rakes in bigger Rmb2bn from Panda return

    China Gas Holdings doubled the size of its Panda bond to Rmb2bn ($288m) on Wednesday, thanks to strong demand from investors, according to bankers.

    • 25 Oct 2018
  • CLSA beefs up Apac DCM team

    CLSA has made two senior appointments to its fixed income and debt capital markets teams in Asia Pacific.

    • 20 Sep 2018
  • Guangzhou R&F taps market for $200m

    Guangzhou R&F Properties Co raised $200m from a tap of its existing bonds on Tuesday, opting to reopen an old deal amid a challenging market environment.

    • 06 Jun 2018
  • Indonesian coal company culls dollar bond

    Indonesian coal company Toba Bara Sejahtra failed to make its debut in the dollar bond market this week, after a weak market backdrop and concerns about high yield credits dented investor appetite. But other firms looking for funding are not giving up just yet, writes Morgan Davis.

    • 15 Mar 2018
  • ‘Punishing market’ stymies Toba Bara debut

    Indonesian coal company Toba Bara Sejahtra culled its debut dollar bond on Monday, as turbulent markets and new domestic rules around caps on coal prices put investors in risk-off mode.

    • 13 Mar 2018
  • IL&FS dollar deal falls victim to choppy market

    India’s IL&FS Transportation Networks had to postpone its dollar bond debut after a series of unfortunate events on Tuesday. A weak market backdrop, a cautious investor base and a hefty pipeline of deals combined to dash its hopes, writes Morgan Davis.

    • 07 Mar 2018
  • All eyes on India: corporates plot debt sales

    March could be the month Indian international bond issuance soars. Corporations from the country are ready to hit the offshore debt market as a weaker domestic market puts pressure on fundraising.

    • 01 Mar 2018
  • CLSA hires debt veteran Luk as global DCM head

    Senior fixed income banker Michael Luk has joined CLSA as global head of debt capital markets, after a one year stint with the Singapore Exchange.

    • 27 Feb 2018
  • Indian corporates build dollar pipeline

    A number of Indian issuers are preparing to head to the international debt market, as the appeal of offshore fundraising rises amid pressure in the domestic bond market.

    • 26 Feb 2018
  • Golden Energy pays Asia’s highest bond coupon this year

    Indonesia’s Golden Energy and Resources nabbed $150m from a visit to the bond market but the market volatility cost the company, forcing it to pay the highest coupon for a dollar bond in the region so far this year.

    • 09 Feb 2018
  • After multiple tries, Soechi’s dollar debut sets sail

    Indonesia’s Soechi Lines finally succeeded in selling a dollar bond this week, after multiple attempts to grab international investors’ attention.

    • 25 Jan 2018
  • Energy companies light up dollar debt market

    Indonesia’s Medco Energi Internasional and China’s GCL New Energy Holdings bagged $500m each from debt investors on Tuesday, showing the appeal of the commodities and renewable industries.

    • 24 Jan 2018
  • Indonesia’s Tunas Baru secures maiden dollar bond sale

    Indonesia’s Tunas Baru Lampung printed its first international bond on Wednesday, a few months after attempting a transaction in Singapore dollars.

    • 18 Jan 2018
  • Indian, Indonesian issuers ready dollar bonds

    Tata Steel, Tunas Baru Lampung and State Bank of India are on the prowl for dollars as they kick off their annual fundraising activities.

    • 15 Jan 2018
  • IL&FS cooks up first HY dim sum since 2016

    India’s IL&FS Transportation Networks sold a Rmb900m ($138.21m) offshore renminbi bond on Wednesday, making it the first high yield issuer to seal a deal in the market in more than 16 months.

    • 11 Jan 2018
  • LGFV supply starts strong as Zhongyuan Yuzi nabs $300m

    Zhongyuan Yuzi Investment Holding Group Co sold the first offshore bond from a Chinese local government financing vehicle (LGFV) on Wednesday, pricing it 15bp inside analysts’ fair value estimates.

    • 11 Jan 2018
  • Chinese supply continues to dominate Asia DCM

    Chinese issuers BOSC International, a local government financing vehicle from Henan, Lai Fung Holdings and Hilong Holding are in the market with new deals on a busy day for issuance.

    • 10 Jan 2018
  • IL&FS returns for dim sum bond

    India’s IL&FS Transportation Networks launched an offshore renminbi bond on Wednesday morning, following Westpac Banking Corp’s opening of the dim sum market earlier this week.

    • 10 Jan 2018
  • Citic starts year with $750m trade

    Chinese conglomerate Citic became one of the first movers in the dollar debt market this week, raising $750m from a dual-tranche bond on Thursday.

    • 05 Jan 2018
  • IL&FS raises curtain on 2018 dim sum market

    India’s IL&FS Transportation Networks is laying the groundwork for the first offshore renminbi bond of the year, mandating banks on Friday.

    • 05 Jan 2018
  • Citic launches dual tranche trade

    Chinese conglomerate Citic began marketing a dual tranche dollar bond on Thursday morning, nearly a year after its last debt sale.

    • 04 Jan 2018
  • Citic lays groundwork for return to dollars

    Chinese conglomerate Citic has named banks to lead its first dollar bond sale of the year.

    • 03 Jan 2018

Panda Bonds Top Arrangers

Rank Arranger Share % by Volume
1 Bank of China (BOC) 17.75
2 Industrial and Commercial Bank of China (ICBC) 14.95
3 China Merchants Bank Co 11.64
4 Agricultural Bank of China (ABC) 10.50
5 China Construction Bank (CCB) 9.48

Bookrunners of Asia-Pac (ex-Japan) ECM

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 Morgan Stanley 22.44 89 7.39%
2 CITIC Securities 19.78 121 6.52%
3 China International Capital Corp Ltd 19.76 95 6.51%
4 Goldman Sachs 17.76 107 5.85%
5 China Securities Co Ltd 15.52 60 5.11%

Bookrunners of Asia Pacific (ex-Japan) G3 DCM

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 HSBC 28.85 223 7.62%
2 Citi 28.41 169 7.50%
3 JPMorgan 19.37 134 5.12%
4 BofA Securities 18.70 103 4.94%
5 Standard Chartered Bank 17.89 163 4.72%

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