• China Citic Bank sells maiden $1.8bn bond

    China Citic Bank sold its first senior unsecured dollar bond on Thursday, executing the four tranche floating-fixed combination deal in a club style fashion.

    • 08 Dec 2017
  • China Citic, ICICI Bank bring senior dollar offerings

    China Citic Bank Corp rolled out a four-tranche transaction on Thursday after a roadshow spanning Hong Kong, Singapore and London. Meanwhile, India’s ICICI Bank is marketing a 10 year bullet through its Dubai branch.

    • 07 Dec 2017
  • Updated: Huarong AMC reopens China FIG after sovereign bond

    China Huarong Asset Management Co priced an almost $3.4bn five tranche bond in two currencies on Tuesday, restarting supply from Chinese financial institutions after the sovereign repriced the curve last week.

    • 01 Nov 2017
  • Huarong back in bonds with ambitious multi-trancher

    China Huarong Asset Management Co started taking bids for a five tranche, dual-currency bond on Tuesday morning. It wants to become the first Chinese financial institution to sell offshore bonds after the sovereign tightened the curve with a landmark deal last week.

    • 31 Oct 2017
  • Huarong AMC to follow its sovereign offshore

    China Huarong Asset Management Co is gearing up a return to the offshore bond market for the third time this year. The mandate came right as China completed its first international bond in over a decade achieving a oversubscription of over 10 times.

    • 27 Oct 2017
  • Bank of Jinzhou seals jumbo debut AT1

    Bank of Jinzhou Co raised $1.496bn from its first additional tier one transaction on Friday, following the trend of other Chinese banks by selling a quick and dirty deal on the back of onshore investors.

    • 23 Oct 2017
  • Bank of Zhengzhou plays musical chairs with bond banks

    Bank of Zhengzhou Co’s inaugural offshore additional tier one (AT1) bond drew attention for the wrong reasons this week, after last-minute changes in the syndicate group — including one bank being dropped from the global co-ordinator group. Addison Gong reports.

    • 12 Oct 2017
  • Bank of Zhengzhou plays musical chairs with AT1 banks

    Bank of Zhengzhou Co priced its first offshore additional tier one (AT1) bond this week. But although the pricing of the deal appeared to make sense, the transaction drew attention for a number of last-minute changes in the syndicate group, including at the global co-ordinator level.

    • 11 Oct 2017
  • Chinese firms take charge of Bank of Zhengzhou’s AT1

    Bank of Zhengzhou Co started taking bids for its first offshore additional tier one (AT1) bond on Tuesday, after picking five Chinese banks as global co-ordinators. Only two foreign names made it onto the bookrunner list despite taking the lead in almost all previous Chinese AT1s.

    • 10 Oct 2017
  • Bank of Qingdao hits targets on $1.2bn AT1

    Ample demand allowed Bank of Qingdao to price its inaugural additional tier one dollar bond tightly on Tuesday. The deal stood out because of the bigger participation from non-Chinese investors — something that bodes well for the hefty AT1 pipeline.

    • 13 Sep 2017
  • China firms ‘amaze’ rivals with bond market sweep

    Chinese investment banks and brokerages had a dazzling performance in Asian DCM during the first half, remaining the preferred choice for the country’s offshore issuers while also making big leaps in boosting their international client base. With their rise have also come increasing concerns around best market practices – but even these may soon be a thing of the past. Addison Gong reports.

    • 06 Jul 2017
  • NCB boosts capital with $1.2bn AT1

    Nanyang Commercial Bank added $1.2bn to its coffers on Thursday with an additional tier one bond, managing to price its deal close to fair value.

    • 26 May 2017
  • Four vie for dollar investor attention

    The Asia ex-Japan G3 bond market saw a slew of issuers from a variety of backgrounds hit the market on Thursday, with borrowers from Greater China as well as Indonesia venturing offshore.

    • 25 May 2017
  • China Citic Bank nails Rmb3bn debut Panda bond

    China Citic Bank International issued its first Panda bond this week, pricing a Rmb3bn ($437m) three year. The proceeds will remain onshore, but it is understood the deal will help meet the borrower’s funding needs for both the mainland and Hong Kong.

    • 24 May 2017
  • Nanyang Bank continues AT1 onslaught

    Nanyang Commercial Bank is seeking a dollar-denominated Basel III compliant additional tier one deal.

    • 22 May 2017
  • China Citic Bank plans Panda debut

    China Citic Bank International is coming to the Panda bond market for the first time. The Hong Kong-based lender is hoping to raise Rmb3bn ($437m) with a three year bond, which will be the first Panda issued by a financial institution this year, according to GlobalRMB data.

    • 18 May 2017
  • BOC throws open multi-currency outing

    Bank of China launched its multi-currency, multi-tranche transaction on Tuesday morning, as Citic Securities also opened books for two tranches of dollar notes.

    • 11 Apr 2017
  • Chinese FIGs courting investors in force

    Bank of China, CCB Life Insurance and Citic Securities kicked off investor meetings and calls this week, in pursuit of Reg S deals.

    • 10 Apr 2017
  • Zheshang Bank scores $2.175bn AT1 with debut deal

    China Zheshang Bank sealed a massive $2.175bn from its debut international additional tier one on Wednesday, deciding to hit its regulatory limit with one deal rather than multiple outings.

    • 23 Mar 2017
  • Zheshang Bank markets AT1, Guanghui Group mandates

    China Zheshang Bank Co is out with its maiden international additional tier one, while Xinjiang Guanghui Industry Investment (Group) Co, the largest shareholder in China Grand Auto, is prepping for its offshore debut.

    • 22 Mar 2017
  • Zheshang Bank chases debut AT1 transaction

    China Zheshang Bank has mandated firms for its international debut bond, a dollar-denominated additional tier one.

    • 17 Mar 2017
  • China Re, Cinda wow market with $3.8bn combined

    China Reinsurance (Group) Corp and China Cinda Asset Management Co ventured out on a busy Thursday with their respective five year prints that saw investors stand firmly by their sides. The two took a combined $3.8bn.

    • 03 Mar 2017
  • Greater Chinese aviation names fly with $810m

    Events, including a rise in the probability of a March interest rate hike and US President Donald Trump’s speech to Congress, did not hold investors back from jumping into deals from Grand China Air, China Aircraft Leasing Group (CALC) and Hong Kong Express Airways (HK Express) on Tuesday.

    • 02 Mar 2017
  • Bond deluge as corporates, FIGs hunt for deals

    The strength of the primary debt market in Asia shows no signs of abating, with a number of borrowers heading out on Thursday for fresh dollar fundraisings.

    • 02 Mar 2017
  • Greater China issuers set to flood Asia DCM

    Issuers from Greater China are set to storm the debt market soon with China Reinsurance Finance Corp, China Cinda Asset Management Co, Grand China Air Co and Pacific Century Premium Developments eyeing dollar offerings. Separately, New China Life Insurance Company has got the green light from its board to raise funds offshore.

    • 27 Feb 2017

Panda Bonds Top Arrangers

Rank Arranger Share % by Volume
1 Bank of China (BOC) 18.45
2 Industrial and Commercial Bank of China (ICBC) 13.56
3 China Merchants Bank Co 12.10
4 China Construction Bank (CCB) 9.85
5 Agricultural Bank of China (ABC) 8.93

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%

Asian polls & awards