The GlobalCapital Asia View
Chinese authorities are once again voicing their desire to get back on track with the reform agenda. But Bond Connect aside, there is not much evidence the powers that be are delivering on that promise — as the International Monetary Fund (IMF) rightly makes clear in its China country report.
National Thermal Power Corp (NTPC) has become the second Indian company to seek long-term funding under the latest Reserve Bank of India guidelines — about five months after Power Finance Corp's similar, albeit unsuccessful, attempt. Given that precedent, NTPC will do well to keep its hopes in check.
Asian issuers are racing against the clock to push out new bonds, taking advantage of abundant liquidity and historically low yields. But with summer fast approaching, issuers — particularly high yield debut names — should go back to basics.
Ask bankers about what most irks them in the industry today and it won't be long before they utter the word "compliance". Whenever I hear such complaints I like to trot out the following story from a very different time.
I’m often surprised at the lengths to which banks will go these days to hire newbies.
It’s just too bad that not everyone has the social smarts and wherewithal of a well-educated person like me. Because, as I heard on my latest visit to Captain’s Bar, one unfortunate friend recently suffered a social flub which left her speechless.
Former ECM banker Philippe Espinasse dissects Asia's equity capital markets.
In the latest Clawback, columnist Philippe Espinasse dissects the IPO approval and rejection process in Hong Kong, as the city’s licensed bankers play musical chairs.
Something quite extraordinary has just been happening in Singapore. For the first time in several years, investors in the city-state have been able to punt on a local, multi-billion-dollar IPO, writes Philippe Espinasse in the latest Clawback.
Some banks will emerge from summer with a pressing need to secure new staff, but coverage gaps are taking longer to fill, writes David Rothnie.
The doyen of independent advisers needs to refresh its ranks in Europe if it wants to stay ahead of the pack, writes David Rothnie.
More from Asia
- KDB debuts in Swedish krona with MTN
- Formosa bonds win over issuers with clear pricing advantages
- India Exim snaps up $400m from inaugural Formosa
- Environmental risk management: a must for banks, says PBOC expert
- Hyundai Capital drives off with easy $900m
- Great Wall AMC readies return visit to offshore bonds
- Hyundai Capital offers dual tranche dollar bond
- Lucky escape for Zhongtai's $300m debut
- Bond Connect investors test drive Ford China ABS
- RMB round-up: China adds perks to lure foreign investors, advisor says PBoC won’t follow Fed hike, MofCom hits back at Trump’s IP investigation
- Peugeot Citroën readies second ABS outing
- Peugeot Citroën’s JV starts engine for second ABS outing
- Cofco Womai eyes $600m in Hong Kong IPO
- Global investors turn nose up at HK dual-class
- Reliance Nippon paves way for India IPO
- HDFC Life sets sights on India listing
Want full access to GlobalCapital?
If you are new to GlobalCapital or you already subscribe to some of our channels you can still easily extend your access.
Take a trial to the entire site or subscribe online to see all our capital markets news, opinion and data sets.
Don't miss out!Free trial
Read the magazine on your mobile device
Panda Bonds Top Arrangers
|Rank||Arranger||Share % by Volume|
|2||China CITIC Bank Corp||12.38|
|3||Bank of China (BOC)||11.61|
|5||China Merchants Bank Co||10.06|
Bookrunners of Asia-Pac (ex-Japan) ECM
|Rank||Lead Manager||Amount $m||No of issues||Share %|
|3||China International Capital Corp Ltd||7,824.36||37||5.22%|
Bookrunners of Asia Pacific (ex-Japan) G3 DCM
|Rank||Lead Manager||Amount $m||No of issues||Share %|
|4||Standard Chartered Bank||12,715.21||93||4.72%|
|5||Bank of America Merrill Lynch||12,122.46||70||4.50%|
Asian polls & awards
Every year, our sister publication Asiamoney carries out an Offshore RMB Poll. As part of that process, the magazine asks the market for its thoughts on important renminbi topics. In this third year, we received around 2,300 valid responses, up 3% on a year ago. The ten questions included a new one on the inclusion of onshore RMB assets in global indices. Here we present the answers to the final five questions.
Every year, our sister publication Asiamoney carries out an Offshore RMB Poll. As part of that process, the magazine asks the market for its thoughts on important renminbi topics. In this third year, we received around 2,300 valid responses, up 3% on a year ago. The ten questions included a new one on the inclusion of onshore RMB assets in global indices. Here we present the answers to the first five questions.
You know who won, now find out why. GlobalCapital Asia and Asiamoney present the extended results of our 2016 China Deals and Investment Bank of the Year awards, recognising achievement both on and offshore.
GlobalCapital Asia and Asiamoney present the extended results for our 2016 Best Country Deals. Discover why these bond, equity and loan transactions delivered outstanding outcomes for issuers and investors.
The names have been announced, now find out why they stood out from the crowd. GlobalCapital Asia and Asiamoney present the extended results for our 2016 Australia Deals and Investment Bank of the Year awards, recognising achievement in equities, bonds, loans and investment banking.