Latest equity-linked news

  • Piramal nets bumper demand for rare Indian CB

    Piramal Enterprises has closed what bankers are touting as the first offering of mandatory convertible bonds in India through a qualified institutional placement, with the deal bagging close to $1bn in investor orders.

    • 16 Oct 2017
  • Piramal markets CBs, GIC Re in the clear

    India’s Piramal Enterprises is in the market with an unusual sale of mandatory convertible bonds through a qualified institutional placement, part of a fundraising drive to that could fetch up to Rp70bn ($1.1bn).

    • 13 Oct 2017
  • Zhongsheng sells one year CB to skirt NDRC

    Zhongsheng Group Holdings gave convertible bond investors a rare taste of sub-one year paper this week, replicating a structure that has gained popularity in the debt capital market for its ability to sidestep Chinese regulatory restrictions.

    • 12 Oct 2017
  • Agarwal doubles down on costly bid for Anglo influence

    Anil Agarwal, founder of mining group Vedanta Resources, has managed to surprise the stockmarket with the same trick twice. But as Jon Hay and Aidan Gregory write, his intentions in buying another £1.5bn of shares in Anglo American are anything but clear, and he is paying a high price for influence.

    • 21 Sep 2017
  • ANA and SBI break long Japan CB drought ahead of busy Sept

    The revival of equity-linked bond issuance in Europe was crowned on Thursday by the launch of one of the biggest deals this year, for ANA Holdings, which owns All Nippon Airways. Nomura was the bookrunner.

    • 31 Aug 2017
  • Barclays hires three in China, Japan push

    Barclays is rebuilding its franchise in Asia Pacific with three senior hires focusing on the China and Japan markets, according to a memo seen by GlobalCapital Asia.

    • 18 Aug 2017
  • Credit Suisse's Apac head of equity-linked retires

    Credit Suisse’s head of equity-linked origination for Asia Pacific is retiring from the industry after 17 years with the bank, sources said.

    • 17 Aug 2017
  • China Hongqiao strikes $1bn equity deal with Citic

    China Hongqiao Group, which has been accused of alleged fraud and suspended from trading for almost five months, has struck a $1bn equity financing agreement with Citic Group Corp.

    • 16 Aug 2017
  • Corrected: Third banker joins HSBC from Goldman

    A third equity banker has left the senior ranks of Goldman Sachs to join HSBC in Hong Kong, following Chito Jeyarajah’s recent exit from the US bulge bracket firm.

    • 15 Aug 2017
  • Focus shifts to EBs in quiet year for equity-linked

    Amid a slow year for equity-linked issuance in Asia, bankers are pinning their hopes on exchangeable bonds to make up for the shortfall. A template has emerged on the back of Postal Savings Bank of China’s $1bn EB, as cornerstone investors in Hong Kong IPOs look to monetise their stakes at a premium. John Loh reports.

    • 10 Aug 2017

Equity-linked news archive

Panda Bonds Top Arrangers

Rank Arranger Share % by Volume
1 Bank of China (BOC) 28.15
2 CITIC Securities 21.52
3 China CITIC Bank Corp 9.93
4 China Merchants Bank Co 9.38
5 Industrial and Commercial Bank of China (ICBC) 7.73

Bookrunners of Asia-Pac (ex-Japan) ECM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 18 Oct 2017
1 CITIC Securities 11,427.98 67 5.99%
2 China Securities Co Ltd 9,276.15 41 4.87%
3 China International Capital Corp Ltd 9,104.08 44 4.78%
4 UBS 9,093.85 67 4.77%
5 Goldman Sachs 8,976.54 43 4.71%

Bookrunners of Asia Pacific (ex-Japan) G3 DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 28,004.30 186 8.21%
2 Citi 25,094.34 154 7.35%
3 JPMorgan 21,049.54 121 6.17%
4 Bank of America Merrill Lynch 17,836.24 92 5.23%
5 Standard Chartered Bank 14,573.61 109 4.27%

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