• Fosun plans $800m Henlius Biotech spin-off

    Shanghai Henlius Biotech has joined a growing pipeline of biotechnology firms planning to float in Hong Kong. It wants to list in the first quarter of 2019, said a banker working on the transaction.

    • 09:00 AM
  • Junshi Bio seals $394m Hong Kong IPO

    Shanghai Junshi Biosciences has raised HK$3.08bn ($394.2m) after pricing its IPO at the bottom of the range, according to a banker on the deal.

    • 08:00 AM
  • Bank of Jinzhou to net $1bn from private placement

    Bank of Jinzhou is planning to raise HK$8.22bn ($1.05bn) through a private placement of H-shares, according to a filing with the Hong Kong Stock Exchange.

    • 07:30 AM
  • Philippine Savings Bank targets $151m rights issue

    Philippine Savings Bank wants to raise Ps8bn ($150.84m) from a rights issue early next year, fixing the price of the offering at Ps56 apiece.

    • 04:15 AM
  • Citi divorces China JV partner

    Citi is pulling out of its China securities joint venture. It gave its partner notice at the end of last week.

    • 03:45 AM
  • TRG gets 92% take-up for Wagamama capital raise

    The Restaurant Group (TRG), owner of the UK chains Garfunkel's, Joe's Kitchen and Frankie & Benny's, has reported a 92% take-up on its £315m rights issue to acquire the restaurant chain Wagamama from private equity firms Duke Street and Hutton Collins Partners.

    • 14 Dec 2018
  • Xinyi Energy pulls $576m Hong Kong IPO

    Xinyi Energy Group (XYE) has cancelled its potential HK$4.5bn ($575.8m) IPO in response to choppy markets. It was planning to debut on the Hong Kong Stock Exchange on December 21.

    • 14 Dec 2018
  • AviChina readies $175m H-share private placement

    AviChina Industry & Technology Company is seeking the greenlight for an H-share placement of up to HK$1.37bn ($175m), partly in a bid to broaden the shareholder base of the company.

    • 14 Dec 2018
  • Goldman Sachs worked with Windhorst despite compliance alert

    Goldman Sachs International conducted business with Lars Windhorst, the colourful German financier, despite warnings from its compliance department that he was a high risk counterparty.

    • 13 Dec 2018
  • Hopes rise for Italian IPOs in 2019 despite political uncertainty

    Italian equity capital markets (ECMs) have endured a less than stellar year with investors spooked by the country’s political ructions. But despite the outlook suggesting more of the same, as the country thrashes out a budget deal with the European Union, there are opportunities for Italian IPOs in 2019.

    • 13 Dec 2018
  • Macquarie names Plewman EMEA boss

    Macquarie Group has appointed Paul Plewman regional chief executive for EMEA, replacing David Fass.

    • 13 Dec 2018
  • Spain’s Dia denies endorsing LetterOne, mulls rights issue

    Spanish supermarket group Distribuidora Internacional de Alimentación revealed a new scheme to solve its financial troubles this week, away from the potential debt cut and cash injection recently suggested by its largest single shareholder, LetterOne.

    • 13 Dec 2018
  • Expect more UK rights issues after Kier, say bankers

    Equity capital markets bankers expect more corporate restructuring deals and rights issues in 2019 as companies begin to deal with a turn in economic cycles. More are likely to have to take a similar approach to the Kier Group, which is raising a £264m rights issue this month.

    • 13 Dec 2018
  • Stock Connect dual-class share trading 'in 2019'

    The Hong Kong Stock Exchange and its counterparts in Shanghai and Shenzhen have reached a deal to include companies with dual-class shares on the southbound trading of Stock Connect.

    • 13 Dec 2018
  • Tencent Music strikes the right chord with US IPO

    Tencent Music Entertainment Group (TME) gave investors a year-end treat this week with 2018’s last billion-dollar IPO from an Asian issuer. It was paid back with a near 8% jump in its stock price on the first day of trading. But to succeed the firm had to cut its fundraising target and get realistic on pricing. Jonathan Breen reports.

    • 13 Dec 2018
  • Junshi Bio covers $414m listing with big tickets

    Shanghai Junshi Biosciences kicked off bookbuilding this week for a potential HK$3.24bn ($414.4m) IPO and by Thursday had the float covered across the price range, according to a banker on the deal.

    • 13 Dec 2018
  • AsiaInfo Tech prices $115m listing at bottom of guidance

    Chinese telecommunication software provider AsiaInfo Technologies raised HK$900m ($115m) this week after pricing its flotation at the bottom of the indicative range.

    • 13 Dec 2018
  • Samsung BioLogics passes scrutiny, starts trading again

    Samsung BioLogics resumed trading on Tuesday after its stock was suspended for almost a month, according to an announcement by South Korea’s stock exchange.

    • 13 Dec 2018
  • Pujiang and Ingrid Millet line up for Hong Kong IPO

    Chinese construction materials provider Pujiang International Group is seeking the greenlight for an IPO in Hong Kong.

    • 13 Dec 2018
  • Santhera Pharmaceuticals hits the market with Sfr77m capital raising

    Santhera Pharmaceuticals, the Swiss speciality pharmaceuticals company, has launched a Sfr77m fundraising following the release of its latest earnings statement on Wednesday morning.

    • 12 Dec 2018
  • Tory leadership chaos causes groans but little change for ECM

    UK equities investors and bankers continue to wring their hands over the chaotic state of British politics, but it does little to alter what was already a grim outlook for UK ECM.

    • 12 Dec 2018
  • Tencent Music walks away with $1.1bn

    Tencent Music Entertainment Group (TME) has nabbed $1.1bn from its IPO on the New York Stock Exchange, guiding investors toward the bottom of the price range amid choppy markets.

    • 12 Dec 2018
  • AsiaInfo prices listing at bottom of range

    Like many recent IPOs in Hong Kong, Chinese telecommunication software provider AsiaInfo Technologies has also priced its listing at the bottom of the indicative range, raising HK$900m ($115m).

    • 12 Dec 2018
  • Brexit Armageddon grows more likely

    Rising hopes that the UK can escape the nightmare of Brexit are misplaced. A second referendum would carry huge risks, and even if the outcome were Remain, it would leave an unstable Britain with a damaged relationship with the rest of the EU.

    • 11 Dec 2018
  • SQN Secured Income Fund to relaunch with £100m cap raise

    SQN Secured Income Fund, the London-listed closed end investment fund focused on small and medium sized enterprise loans and secured lending, is preparing to raise up to £100m to capitalise on opportunities it sees in alternative investment.

    • 11 Dec 2018
  • Irico gets Sasac nod for H-share placement

    Irico Group New Energy is moving ahead with a long-delayed H-share placement that was mooted back in July last year.

    • 11 Dec 2018
  • Chia takes head of SEA ECM job at CLSA

    Nicholas Chia has left OCBC to join CLSA as the Citic Securities-owned brokerage looks to build out its southeast Asia equity capital markets franchise.

    • 11 Dec 2018
  • SRI needs to look at financial firms’ liabilities

    The sustainable finance movement, when looking at banks and insurance companies, has so far focused mainly on assets rather than liabilities. But insuring or offering deposits for a particular activity is just as important as lending to or investing in it.

    • 10 Dec 2018
  • GlobalCapital Asia capital markets awards 2018: Equities

    In part two of our results announcements, we reveal the winning equity deals and banks, including the Best Follow-on/Accelerated Bookbuild, Best Equity-Linked Deal, Best IPO, Best ECM Deal and Best ECM House.

    • 10 Dec 2018
  • Interserve plans critical debt for equity swap

    The UK’s Interserve plans to swap a “substantial” portion of its debt for equity, as the embattled support services and construction firm tries to avoid the same fate as government contractor Carillion.

    • 10 Dec 2018
  • Stock Connect bourses agree on dual-class share trading

    The Hong Kong Stock Exchange and its counterparts in Shanghai and Shenzhen reached a consensus to include companies with dual-class shares on the southbound trading of Stock Connect.

    • 10 Dec 2018
  • Xinyi Energy powers up Hong Kong flotation

    Xinyi Energy Group is looking to make its debut on the Hong Kong Stock Exchange at the end of next week, as it seeks up to HK$4.5bn ($582.3m) from its IPO.

    • 10 Dec 2018
  • Ever Sunshine nets HK$638m from HK IPO

    Ever Sunshine Lifestyle Services Group has pocketed HK$638.4m ($81.7m) after pricing its IPO below the mid-point of guidance, according to a source close to the deal.

    • 10 Dec 2018
  • Junshi Biosciences experiments with $414m HK IPO

    Shanghai Junshi Biosciences has kicked off bookbuilding for its potential HK$3.24bn ($414.4m) IPO.

    • 10 Dec 2018
  • AJ Bell sparkles in aftermarket following £173m IPO

    AJ Bell surged by more than 30% in the aftermarket on Friday after the Manchester-based investment platform priced its £173m IPO on the London Stock Exchange at the mid-point of the initial range.

    • 07 Dec 2018
  • Fosun Tourism bags HK$3.34bn from low-end pricing

    Fosun Tourism Group, a subsidiary of Chinese conglomerate Fosun International, has raked in HK$3.34bn after sealing its IPO at the bottom of the indicative range.

    • 07 Dec 2018
  • China East Education eyes Hong Kong IPO

    Mainland firm China East Education Holdings is seeking the greenlight to launch an IPO in Hong Kong.

    • 07 Dec 2018
  • WuXi AppTec prices in the middle amid market swings

    WuXi AppTec priced its IPO at the mid-point of the range to raise HK$7.92bn ($1.01bn), despite the deal being oversubscribed at the upper end of guidance, according to a source close to the listing.

    • 07 Dec 2018
  • AsiaInfo programmes IPO with Baidu, Lenovo backing

    Software company AsiaInfo Technologies launched bookbuilding this week for a potential HK$1.16bn ($148.5m) listing in Hong Kong, after securing Baidu’s holding company and a Lenovo Group subsidiary as cornerstone investors.

    • 07 Dec 2018
  • Solarpack trades up despite global equity market sell-off

    Shares in Solarpack Corporación Tecnológica, the Spanish solar power generation company, have risen by 8.9% in the aftermarket after it priced its €100m IPO above the bottom of the range.

    • 06 Dec 2018
  • Ice pulls Nkr3bn IPO as equity markets plunge on trade fears

    Ice Group, the Norwegian mobile phone company, on Thursday called off its second attempt to list on the main board of the Oslo Stock Exchange, blaming turbulence in global equity markets.

    • 06 Dec 2018
  • Akbank unveils TL3bn recap as economic clouds gather

    Akbank, one of the largest banks in Turkey, is preparing a TL3bn ($558m) rights issue amid fears of an increase in non-performing loans as the Turkish economy enters a slowdown.

    • 06 Dec 2018
  • Solarpack trades up despite global equity market selloff

    Shares in Solarpack Corporación Tecnológica, the Spanish solar power generation company, have risen by 8.9% in the aftermarket after it priced its €100m IPO above the bottom of the range on Monday.

    • 06 Dec 2018
  • Almirall prints debut €250m convertible bond

    Almirall, the Spanish pharmaceuticals company, has issued its first convertible bond with an equity-neutral structure, having attracted “strong outright demand” from institutional investors, according to a banker on the deal.

    • 06 Dec 2018
  • WuXi AppTec, Mobvista, Fosun Tourism seal listings

    WuXi AppTec is set to raise about HK$7.9bn ($1.1bn) from pricing its Hong Kong listing at the mid-point of the indicative price range, according to a source close to the deal.

    • 06 Dec 2018
  • Trade war truce brings little comfort to ECM as issuers remain sceptical

    The US and Hong Kong IPO markets saw a raft of companies trying to catch the last window for their listings before the year end, as the short-lived rally from the US-China trade war ceasefire did little to reassure ECM bankers and investors, writes Christie Ou.

    • 06 Dec 2018
  • ECM focus shifts to 2019 as bruising year enters final stretch

    The equity capital market has virtually closed for the year with work focusing on planning deals for 2019, said bankers, although some deals are still getting done.

    • 05 Dec 2018
  • Sebi panel backs overseas listings of Indian firms

    Indian companies should be allowed to list offshore if they meet certain criteria, a Securities and Exchange Board of India (Sebi) committee has recommended. The committee also approved several possible destinations.

    • 05 Dec 2018
  • US-China trade war truce: a Christmas miracle?

    The meeting between US president Donald Trump and China’s Xi Jinping during the G20 summit resulted in a trade war ceasefire, giving capital markets a temporary breather from the threat of a fresh tariff outbreak. Asia’s debt and equity issuers should pounce on the opportunity.

    • 05 Dec 2018
  • EU banks must disclose on ESG, may get green/brown risk capital weights

    The European Union has taken a step towards using the bank capital risk weighting system to favour green assets and discourage ‘brown’ unsustainable lending — one of the most controversial issues on the sustainable finance policy agenda.

    • 04 Dec 2018
  • Sorrell’s S4 Capital to raise £74m to fund second takeover

    S4 Capital, the digital advertising and marketing services company created by Martin Sorrell, the former CEO of WPP, has agreed the terms of its second acquisition and is partly financing the deal through a £74m placing and open offer on the London Stock Exchange.

    • 04 Dec 2018
  • 360 Finance readies $100m NYSE float

    Chinese online consumer lender 360 Finance is preparing to launch its New York Stock Exchange IPO on Wednesday, targeting around $100m, according to a source close to the deal.

    • 04 Dec 2018
  • Legend paves way for subsidiary’s listing

    Legend Holdings Corp, the controlling shareholder of technology company Lenovo Group, is looking to spin off its financial unit through a Hong Kong IPO.

    • 04 Dec 2018
  • Tencent Music hits the road for $1.23bn IPO

    Tencent Music Entertainment Group has begun bookbuilding for its long-awaited $1.23bn IPO in the US, around two months after first gauging investor appetite.

    • 04 Dec 2018
  • Issuers race toward HK IPO completion before year end

    Luzhou City Commercial Bank and Ever Sunshine Lifestyle Services Group kicked off bookbuilding for their respective IPOs as they aim to cross the finish line before the end of the year.

    • 04 Dec 2018
  • Companies with women managers consistently outperform, impact investor finds

    Calvert Impact Capital, the US impact investing firm, has published a study, the first of its kind, that aims to show the benefit of investing with a consciousness of gender in the context of private impact investments.

    • 04 Dec 2018
  • Nomura hires Goldman's Roberts to run Instinet unit

    Nomura said it had appointed Ralson Roberts, formerly Goldman Sachs's co-head of EMEA execution services, as chief executive of Instinet, its agency brokerage unit.

    • 03 Dec 2018
  • Now on sale: Carige’s 13% tier two

    The Italian Interbank Deposit Protection Fund (FITD) has underwritten €320m of Banca Carige’s tier two capital notes. Private investors are now invited to subscribe to the issue, which allows the Italian lender to meet its capital targets.

    • 03 Dec 2018
  • Vietnam Airlines plans early 2019 IPO take-off

    Vietnam Airlines is planning to float on the country’s main board in the first quarter of 2019 as the government looks to trim its stake in the flag carrier.

    • 03 Dec 2018
  • iDreamSky prices HK$838m IPO off the floor

    iDreamSky Technology Holdings has pocketed HK$838m ($107.1m) after pricing its IPO just below the mid-point of guidance, according to a banker close to the deal.

    • 03 Dec 2018
  • Huatai Securities gets CSRC nod for London Connect IPO

    Chinese brokerage Huatai Securities has won approval from the Mainland regulator to list Global Depository Receipts (GDRs) in London through the connect scheme with Shanghai.

    • 03 Dec 2018

All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 346,069.71 1350 8.09%
2 JPMorgan 342,066.65 1471 7.99%
3 Bank of America Merrill Lynch 307,117.30 1065 7.18%
4 Barclays 258,537.34 976 6.04%
5 Goldman Sachs 227,890.51 774 5.33%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 48,550.02 206 6.54%
2 JPMorgan 46,311.15 105 6.24%
3 UniCredit 40,595.43 182 5.47%
4 SG Corporate & Investment Banking 38,348.83 146 5.17%
5 Credit Agricole CIB 38,097.35 189 5.13%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 14,514.87 63 9.19%
2 Goldman Sachs 13,469.15 66 8.53%
3 Citi 9,971.36 58 6.32%
4 Morgan Stanley 8,572.10 54 5.43%
5 UBS 8,414.70 37 5.33%