• What trade war? China nabs US bid with 144A

    China raised a combined $6bn from a four tranche transaction on Wednesday, turning to US investors for the first time despite rising tensions between the two countries. It appeared a smart move, helping the bonds price well inside fair value. Morgan Davis reports.

    • 15 Oct 2020
  • BoCom mixes fixed, FRN for $1.15bn

    Bank of Communications used its Hong Kong arm for a tightly priced dual-tranche deal on Thursday, bringing back floating rate and fixed rate combo bonds for Chinese financial credits.

    • 04 Sep 2020
  • SMI builds bigger loan of $700m

    Indonesian company Sarana Multi Infrastruktur (SMI) has increased the size of its loan to $700m after seeing strong traction from banks during syndication.

    • 04 Sep 2020
  • NewOcean to extend payment for 2016 loan

    NewOcean Energy Holdings is seeking consent from banks to postpone a principal payment on a $150m loan signed in 2016.

    • 04 Sep 2020
  • ABCI makes quick comeback for $800m

    ABC International Holdings took advantage of receptive market conditions to make a rapid return to the bond market this week.

    • 28 Aug 2020
  • Ye Chiu breaks four year loan hiatus for $150m

    Recycling aluminium manufacturer Ye Chiu Group has returned to the loan market after a four year absence for a $150m deal to meet its refinancing needs.

    • 06 Aug 2020
  • Cheng Loong attracts six to $130m capex loan

    Taiwan’s Cheng Loong Corp, a paper maker, has closed syndication of a $130m borrowing with nine banks.

    • 03 Aug 2020
  • Samson Paper breaches covenants on HK$780m loan

    Samson Paper Co has breached two covenants on a HK$780m ($100m) loan from 2017, with lenders still waiting for more information from the company.

    • 16 Jul 2020
  • ICBC, BoCom bonds widen in aftermarket

    Dollar bonds sold by Bank of Communications and Industrial and Commercial Bank of China widened in the aftermarket on Tuesday after both firms took a tight approach to pricing.

    • 14 Jul 2020
  • SMI’s $500m loan gets early support

    Banks have shown quick interest in a new $500m loan from Indonesia’s Sarana Multi Infrastruktur (SMI), which is wooing lenders with a short tenor deal.

    • 23 Jun 2020
  • Cabei sweeps up $375m from Taiwan

    Central American Bank of Economic Integration (Cabei) turned to the Taiwanese market on Wednesday, raising $375m just weeks after a $750m bond sale in the US.

    • 04 Jun 2020
  • SMI mandates banks for $500m refi

    Indonesia’s Sarana Multi Infrastruktur (SMI) has mandated five banks for a planned $500m refinancing loan. But bankers on the deal warn the terms could change due to uncertain market conditions.

    • 27 Apr 2020
  • Techcombank boosts debut loan to $500m

    Vietnam Technological and Commercial Joint Stock Bank (Techcombank) has closed its maiden borrowing at a bigger size of $500m, after receiving strong response during syndication.

    • 24 Apr 2020
  • Techcombank attracts 21 in syndication

    Vietnam Technological and Commercial Joint Stock Bank (Techcombank) has brought in 21 banks for its debut borrowing in the loan market.

    • 09 Apr 2020
  • MMI considers A&E as refi pressure builds up

    Singapore hard disk drive company MMI International is looking to amend and extend an old loan ahead of a looming maturity, as it faces pressure on its financials.

    • 13 Mar 2020
  • Techcombank kicks off second loan attempt

    Vietnam Technological and Commercial Joint Stock Bank (Techcombank) has launched a $300m deal into general syndication, marking its second attempt at tapping the loan market.

    • 19 Feb 2020
  • Trans Retail loan: right call on staggered fees

    Trans Retail Indonesia has caused a stir by deciding to structure its new syndicated loan with a relatively rare two-stage participation fee payment. Although not all banks will be wholeheartedly on board, the borrower’s move is savvy under the circumstances.

    • 18 Feb 2020
  • Trans Retail’s unusual fee payment surprises bankers, but more clarity is needed

    Trans Retail Indonesia, also known as Carrefour Indonesia, has returned to the loan market for a $740m-equivalent dual-currency deal. It features an unusual fee structure that has left many bankers scratching their heads, writes Pan Yue.

    • 13 Feb 2020
  • Trans Retail shakes things up with new loan

    Trans Retail Indonesia, also known as Carrefour Indonesia, has launched a dual-currency deal into general syndication, opting for a slightly different approach to paying participation fees to lenders.

    • 11 Feb 2020
  • Techcombank nears debut as Vietnamese borrowers eye international loan market

    Vietnam Technological and Commercial Joint Stock Bank (Techcombank) is making its second attempt to raise a syndicated loan, after pulling a deal in 2017. It is one of several Vietnamese borrowers now planning a debut in the international market, reports Pan Yue.

    • 23 Jan 2020
  • Techcombank readies new $300m loan

    Vietnam Technological and Commercial Joint Stock Bank (Techcombank) has mandated five banks for a $300m loan.

    • 21 Jan 2020
  • Trans Retail, Sritex mandate banks for loan return

    Trans Retail Indonesia, previously known as Carrefour Indonesia, and textile firm Sri Rejeki Isman (Sritex) have both mandated banks for new loans.

    • 21 Jan 2020
  • Asia loans news in brief: January 9, 2020

    Axis sells full Syndicate Bank loan — Onfem boosts size to HK$6bn — Indorent closes $175m borrowing with 13 banks — VPBank wraps up $200m facility — Vingroup attracts 14 lenders

    • 09 Jan 2020
  • Indorent closes $175m loan with 13 banks

    Indonesian automobile company CSM Corporatama, also known as Indorent, has wrapped up its syndicated loan at a bigger size of $175m.

    • 07 Jan 2020

Panda Bonds Top Arrangers

Rank Arranger Share % by Volume
1 Bank of China (BOC) 19.21
2 China Merchants Bank Co 12.60
3 China Construction Bank (CCB) 10.26
4 Industrial and Commercial Bank of China (ICBC) 9.99
5 Agricultural Bank of China (ABC) 9.30

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 7.45%
2 China International Capital Corp Ltd 19.66 94 6.53%
3 CITIC Securities 19.60 119 6.51%
4 Goldman Sachs 17.76 107 5.90%
5 China Securities Co Ltd 15.52 60 5.16%

Bookrunners of Asia Pacific (ex-Japan) G3 DCM

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 HSBC 28.77 222 7.60%
2 Citi 28.33 168 7.49%
3 JPMorgan 19.30 133 5.10%
4 BofA Securities 18.70 103 4.94%
5 Standard Chartered Bank 17.89 163 4.73%

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