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NDB finances emergency loan to China with Panda bond

New Development Bank, a multilateral development bank established by the five BRICS countries, sold a Rmb5bn ($704m) three year Panda bond on Thursday. All proceeds will be used to fund an emergency loan NDB recently promised to three Chinese provincial governments to help them combat the Covid-19 outbreak. Rebecca Feng reports.
- 10.30 AM
ICBC preps dollar AT1 as peers stay onshore for capital

Industrial and Commercial Bank of China (ICBC) has received the nod to head offshore for capital, at a time when most of its peers have been tapping the liquid domestic market for funds.
- 25 Mar 2020
Lenders honour pre-virus terms but pricing rockets

Germany's Covestro and the UK's 3i have both signed new revolving credit facilities with terms that were agreed before the Covid-19 pandemic sent markets plunging, but lenders said that new deals will have far higher margins.
- 18 Mar 2020
Beijing Hyundai, VW ride on strong liquidity for ABS deals

Beijing Hyundai and Volkswagen took advantage of the flush liquidity in China’s ABS market to print tight deals on Thursday, adding to the flurry of onshore auto loan ABS issuance this week.
- 13 Mar 2020
China Gas sells Panda bond to tackle virus woes

China Gas Holdings, a Hong Kong-listed natural gas distributor, doubled the size of its onshore renminbi deal to Rmb1bn on Monday, selling just the second Panda bond linked to combatting woes caused by Covid-19.
- 10 Mar 2020

Asset	Rank	STLY	Amount $bn	No of issues	Share %	STLY Share %
For detailed analysis:
Last updated Today
Bookrunners of International Emerging Market DCM	21	27	2.29	31	1.19%	0.95%
Bookrunners of Global FIG	17	16	5.18	26	1.15%	1.78%
All Corporate Bonds	23	17	6.62	59	1.00%	1.58%
Bookrunners of Asia Pacific (ex-Japan) G3 DCM	19	24	1.87	25	1.77%	1.33%
Bookrunners of G3 Syndicated Loans (Asia Pacific ex-Japan)	21		0.21	2	1.62%
Bookrunners of China Domestic DCM	3	1	9.74	54	7.03%	8.61%

Rank	Lead Manager	Amount $bn	No of issues	Share %
View full table For detailed analysis:
Last updated Today
1	JPMorgan	157.04	523	10.03%
2	BofA Securities	132.43	435	8.45%
3	Citi	120.91	417	7.72%
4	Goldman Sachs	92.71	268	5.92%
5	Barclays	81.29	319	5.19%

Rank	Lead Manager	Amount $bn	No of issues	Share %
View full table For detailed analysis:
Last updated Today
1	Deutsche Bank	9.12	38	6.73%
2	UniCredit	7.48	35	5.52%
3	BNP Paribas	7.39	42	5.46%
4	BofA Securities	7.32	28	5.41%
5	Credit Agricole CIB	6.01	35	4.44%

Rank	Lead Manager	Amount $bn	No of issues	Share %
View full table For detailed analysis:
Last updated Today
1	Credit Suisse	3.10	7	9.76%
2	Morgan Stanley	2.81	15	8.86%
3	JPMorgan	2.53	18	7.98%
4	Goldman Sachs	2.43	15	7.64%
5	Citi	2.33	17	7.33%