Latest follow-on/rights issue news

  • S P Setia eyes MR3.6bn capital raise to buy I&P Group

    Malaysian property development company S P Setia is preparing to raise MR3.6bn ($839m) of new equity to finance its takeover of domestic rival I&P Group.

    • 26 Jun 2017
  • Federal Bank to bag Rp25bn from QIP

    India’s Federal Bank is set to raise up to Rp25bn ($386.9m) after tapping the equity market via a qualified institutional placement.

    • 22 Jun 2017
  • HKICIM HK$9.2bn rights offer 71% subscribed

    Shares in Hong Kong International Construction Investment Management Group, the property development and machinery leasing unit of Chinese conglomerate HNA Group, closed 2.3% higher on Tuesday after the company wrapped up its fully underwritten HK$9.2bn ($1.2bn) rights issue.

    • 20 Jun 2017
  • Maxis MR1.6bn capital increase clears at 6.1% discount

    Maxis, the Malaysian telecoms company, has raised MR1.6bn ($390m) to cut debt and finance expansion, having priced the capital increase on Monday evening at a 6.1% discount.

    • 20 Jun 2017
  • Maxis targets MR1.7bn for debt reduction, expansion

    Malaysian telecoms company Maxis, controlled by billionaire Ananda Krishnan, has launched a capital increase of up to MR1.7bn ($403m) to reduce its debt and finance future growth.

    • 19 Jun 2017
  • Min Xin $107m cash call undersubscribed

    Min Xin Holdings’ rights issue to raise HK$827m ($107m) was severely undersubscribed, forcing its major shareholder to take up the remaining stock.

    • 14 Jun 2017
  • Wockhardt, Lakshmi Vilas eye new fundraisings

    Wockhardt and Lakshmi Vilas Bank are joining the equity raising bandwagon in India as they hunt for new capital.

    • 12 Jun 2017
  • Xinyi Solar $195m rights see big oversubscription

    Xinyi Solar Holdings raised HK$1.5bn ($194.5m) from a rights offering after investors flooded into the deal, the company said.

    • 09 Jun 2017
  • SBI underscores huge FIG appetite in India

    Global investors scrambled for paper in India’s largest qualified institutional placement (QIP) this week as State Bank of India raised Rp150bn ($2.3bn) amid strong appetite for the country’s stocks. Its success heralds a bumper year for FIG equity raisings, with more big trades already shaping up, writes John Loh.

    • 08 Jun 2017
  • Chandra Asri eyes $462m rights issue to free up float

    Chandra Asri Petrochemical is looking to bring a Rph6.2tr ($462.2m) rights-plus-block trade combo to the market, in what will be a liquidity event for the Indonesian firm.

    • 31 May 2017

Follow-on/rights issue news archive

Panda Bonds Top Arrangers

Rank Arranger Share % by Volume
1 CITIC Securities 38.46
2 China Merchants Bank Co 22.73
3 China CITIC Bank Corp 19.23
4 Industrial and Commercial Bank of China (ICBC) 8.74
4 Bank of China (BOC) 8.74

Bookrunners of Asia-Pac (ex-Japan) ECM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 21 Jun 2017
1 China International Capital Corp Ltd 7,142.62 32 6.46%
2 CITIC Securities 7,084.43 35 6.40%
3 Goldman Sachs 5,862.83 22 5.30%
4 UBS 5,062.96 30 4.58%
5 China Securities Co Ltd 4,866.64 27 4.40%

Bookrunners of Asia Pacific (ex-Japan) G3 DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 21 Jun 2017
1 HSBC 19,498.75 114 9.27%
2 Citi 16,632.93 100 7.91%
3 JPMorgan 12,891.37 69 6.13%
4 Standard Chartered Bank 10,679.29 69 5.08%
5 Morgan Stanley 9,451.45 45 4.49%

Asian polls & awards

  • RMB internationalisation: 10 questions for the market, part 2

    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.

  • RMB internationalisation: 10 questions for the market, part 1

    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.

  • Made in China: The best banks and deals of 2016

    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.

  • Asia’s standout deals

    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.

  • Aussie award winners: The best banks and deals of 2016

    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.