• FWD Group returns for more after secondary rally

    FWD Group, an insurance company, was back with a $250m tap of a subordinated five year bond, thanks to a rally in its bond price in the secondary market.

    • 19 Jul 2019
  • REC prices tight $650m on strong demand

    Rural Electrification Corp took advantage of strong demand for Indian credits this week, raising $650m despite paying a negligible new issue premium.

    • 19 Jul 2019
  • Investors eat up Cifi’s dim sum bond

    Cifi Holdings (Group) Co, a Chinese real estate developer, made its second venture into the offshore renminbi bond market on Tuesday, taking Rmb1.6bn ($233m) from a tightly priced issuance.

    • 17 Jul 2019
  • Oman's Octal raises $625m for expansion

    Oman-based Octal, a leading producer of plastic packaging, has raised loans to the value of $625m from a range of local and international lenders

    • 17 Jul 2019
  • Jinmao pushes out to 10yr as investors hunt for yield

    A busy day for bond issuance from Chinese property companies offered investors a dash of variety, as investment grade rated China Jinmao Holdings Group vied for attention amid a slew of deals from high yield credits including Kaisa Group Holdings.

    • 17 Jul 2019
  • Adani raises $650m to fund tender offer

    India’s Adani Ports and Special Economic Zone has bagged $650m from 144A/Reg S bonds to fund a tender offer of notes due next year, pricing the new issuance at a competitive level.

    • 17 Jul 2019
  • LGFV bond falls through amid Tianjin debt woes

    Chinese local government financing vehicle (LGFV) Tianjin Binhai New Area Construction & Investment Group Co’s decision to postpone a planned three year bond has highlighted the debt crisis in the Tianjin area.

    • 12 Jul 2019
  • Bonds news in brief: Mengniu Dairy, LGFVs rush out post Powell hearing

    A wave of issuers — mostly Chinese — including China Mengniu Dairy Co and local government financing vehicle Guangzhou Development District Financial Holdings flooded the bond market on Thursday, riding the positive sentiment after the US Federal Reserve chairman Jerome Powell signalled a rate cut later this month.

    • 12 Jul 2019
  • Geely poised to launch second auto loan ABS

    Genius Auto Finance, a joint venture between Geely Automobile and BNP Paribas Personal Finance, is planning a return to the auto loan ABS market on July 18 with a Rmb4bn ($581.6m) four-tranche deal.

    • 12 Jul 2019
  • Tunisia EUR700m 6.375% Jul 26

    • 11 Jul 2019
  • Negative NIPs for DP World deals as investors vie for long end paper

    DP World on Thursday launched a new $1bn 10 year sukuk and $300m tap of its $1bn 5.625% September 2048s, both with negative new issue premiums.

    • 11 Jul 2019
  • Tunisia’s tight €700m a sign of EM allure

    The Republic of Tunisia printed a tight €700m 6.375% 2026 bond on Wednesday from a book of nearly €2bn. A syndicate manager away from the deal said it was a good demonstration of the enthusiasm for emerging market credit.

    • 11 Jul 2019
  • Well timed: BMW roars back into Panda market

    BMW returned to the Panda bond market on Wednesday, raising Rmb3.5bn ($509m) from a privately-placed deal. The shortest tranche got plenty of demand from local investors, helped by flush short-term liquidity.

    • 11 Jul 2019
  • Price discovery in focus on VPBank’s dollar debut

    Vietnam Prosperity Joint Stock Commercial Bank (VPBank), a private sector lender, raised $300m from its international bond debut this week. The deal was helped by the scarcity of supply from Vietnam, but finding the right price proved a challenge for those on and off the deal.

    • 11 Jul 2019
  • Chinese loans news in brief: July 11, 2019

    United Laboratories launches HK$1bn loan — Goshawk seeks $500m in Asia — West China Cement returns for $150m — Wolong debuts in euros — Jingneng Clean Energy pays up for comeback

    • 11 Jul 2019
  • DP World guides for new sukuk and 2048s tap

    DP World has updated price guidance for its new 10 year benchmark sukuk and $200m tap of its 2048s, with order books already a healthy size for both deals.

    • 11 Jul 2019
  • PLN rides on quasi-sovereign demand for $1.4bn bonds

    Indonesian state-owned Perusahaan Listrik Negara (PLN) sold $1.4bn of bonds this week, split equally between 10 year and 30 year tranches, pricing both slightly inside fair value.

    • 11 Jul 2019
  • Tunisia deal divides opinion

    The initial guidance for the Reg S/144A deal was put out at 6.875% area on Wednesday morning in London.

    • 10 Jul 2019
  • Haitong International sells $700m seven year bond

    Haitong International Securities Group sold $700m of seven year notes on Tuesday, tightening pricing by 30bp during bookbuild.

    • 10 Jul 2019
  • DP World roadshows dollar sukuk

    DP World is embarking on a roadshow to market a new 10 year benchmark Reg S dollar sukuk. It is also considering long dated Reg S-only dollar funding.

    • 09 Jul 2019
  • Jingneng Clean Energy bumps up margin on loan return

    Beijing Jingneng Clean Energy is offering a slightly higher margin on a new HK$3bn ($385m) loan, compared to a green loan sealed last year.

    • 09 Jul 2019
  • IG developers Shimao, Coli go long on dollar bonds

    Shimao Property Holdings and China Overseas Land and Investment took advantage of a strong market backdrop and renewed investor interest in duration to price seven and 10 year bonds, respectively.

    • 09 Jul 2019
  • Wolong revs up €150m debut loan

    China’s Wolong Electric Group is tapping the offshore market for the first time, seeking a €150m loan through sole lead bank Standard Chartered.

    • 09 Jul 2019
  • Posco makes $500m sustainability bond debut

    Posco, the South Korean steel firm, has sold its first sustainability bond, raising $500m and attracting investors to its solid investment grade credentials.

    • 09 Jul 2019
  • Beijing Infra prices tight $200m deal

    Beijing Infrastructure Investment, a Chinese local government finance vehicle (LGFV), returned to the international bond market on Tuesday, raising $200m at a tight price.

    • 09 Jul 2019
  • Tunisia heads towards seven year in EM rally

    The Republic of Tunisia does not finish its roadshow until Tuesday 9 July, but after a 100bp rally in its euro 2024s since the start of June and strong roadshow meetings so far, a seven year — the longer end of the planned tenor for the benchmark bond — looks to be on the cards.

    • 04 Jul 2019
  • Tunisia heads towards seven year as rally grips EM

    The Republic of Tunisia does not finish its roadshow until Tuesday, but after a 100bp rally in its euro 2024s since the start of June and strong attendance at the roadshow meetings so far, a seven year — the longer end of the planned tenor for the benchmark bond — looks to be on the cards.

    • 04 Jul 2019
  • KDB squeezes curve with euro green debut

    Korea Development Bank (KDB) tapped the green investor base in Europe for its latest euro bond, achieving a record low funding cost and an unprecedented 0% coupon for a South Korean issuer.

    • 03 Jul 2019
  • Tongfang settles for $300m while Yuzhou, Guohui price

    Tsinghua Tongfang Co has priced a smaller $300m deal, as investors appeared cautious amid an ongoing share sale. Yuzhou Properties and Shandong Guohui Investment Co returned to the market and saw big order books, the latter fueled by lead manager interest.

    • 03 Jul 2019

All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 227,365.29 1021 8.28%
2 Citi 211,590.92 883 7.70%
3 Bank of America Merrill Lynch 176,561.36 736 6.43%
4 Barclays 164,503.56 674 5.99%
5 HSBC 136,422.24 745 4.97%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 27,431.07 110 7.85%
2 Credit Agricole CIB 25,823.81 106 7.39%
3 JPMorgan 21,834.93 53 6.25%
4 Bank of America Merrill Lynch 21,382.31 54 6.12%
5 SG Corporate & Investment Banking 16,786.71 79 4.80%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Morgan Stanley 7,509.08 37 9.67%
2 JPMorgan 7,363.27 46 9.48%
3 Goldman Sachs 6,842.44 35 8.81%
4 Citi 5,763.97 41 7.42%
5 UBS 4,691.07 23 6.04%