Korea Development Bank (KDB) has made its debut in the Swedish krona market, becoming the second Korean public sector entity to do so this year.
Export-Import Bank of India priced a rare dollar Formosa bond from the country this week, bagging $400m. Cash-swamped dollar investors in Taiwan are desperate for diversification amid falling loan volumes, so the stage is set for borrowers to push for tighter pricing. Addison Gong reports.
Export-Import Bank of India took advantage of reverse enquiry from Taiwanese investors to sell its debut dollar Formosa bond, marking only the second Formosa from the south Asian country and the first from an Indian bank.
Supras and Agencies
- KDB debuts in Swedish krona with MTN
- Formosa bonds win over issuers with clear pricing advantages
- Updated: NDB lays out 2017 RMB funding plans
- India Exim snaps up $400m from inaugural Formosa
- Environmental risk management: a must for banks, says PBOC expert
- Philippines mandates banks for Panda bond
- Hungary eyes return to Panda bonds: DMO head
- Hungary seals Rmb1bn panda near tight end
- Updated: Hungary reveals guidance for Panda debut
- British Columbia, Hungary line up Pandas
The Republic of Indonesia re-opened G3 sovereign bonds for emerging market issuers last week with a $3bn triple-trancher — the second December in a row that it has made an early start on its funding plans. While its timing has come under criticism from some market watchers, the country made a savvy move given the circumstances.
From Our Global Coverage
World Bank will find out whether what has been a resilient market for public sector dollar issuance over the summer can support a jumbo trade, after mandating for what will be the first such deal in dollars from an SSA since the spring. Swedish Export Credit Corporation is also out in the currency, going ahead despite some geopolitical and US governmental turmoil over the last few days — and more issuers are lining up to follow.
Bank of America Merrill Lynch and Deutsche Bank, two of the institutions named in a US lawsuit alleging manipulation in the dollar SSA market, have filed preliminary settlements for a total $65.5m, court documents show.
More from Asia
- 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
- China’s Black Peony mulls options for $100m bond
- Sogo operator Lifestyle shops for investors
- ‘Fire and fury’ rhetoric does not hold back Korean issuers
- CK Infrastructure finds lukewarm demand for perp
- 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
- Hisense tunes in for $300m debut offshore loan
- Lucky number seven for Aier Eye €174m acquisition loan
- Details emerge on Samson Paper's HK$570m loan
- Senior participants sought for I Squared Capital acquisition loan
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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.