Latest sovereigns/sub-sovereigns news

  • China to reset country’s bond curve with new deal

    China is preparing to challenge South Korea as the tightest-priced sovereign issuer in Asia, as it lines up its first dollar bond in a decade next week. The market expects China to take an aggressive approach for the deal, which could reset the curve for all of the country’s debt issuers. Morgan Davis reports.

    • 12:00 PM
  • Fiji to drive home green point with third ever sovereign green bond

    Fiji is set to become the third country to issue a sovereign green bond, with a F$100m ($50m) issue in Fiji dollars. The country, highly vulnerable to climate change, has just taken over as president of the COP meetings on climate change.

    • 18 Oct 2017
  • Mongolia’s new PM makes quick approach to bonds

    It is barely six months since Mongolia pulled off a daring debt exchange after the country’s finances — and its credit rating — fell into disrepair. But the new government is now planning a full return to the debt market, having picked three global banks to help ease a passage to the market.

    • 16 Oct 2017
  • Hong Kong to pursue its first green bond sale next year

    Hong Kong will pursue the sale of a green bond next year, the city’s chief executive Carrie Lam announced in her first policy address this week.

    • 12 Oct 2017
  • No quick fix: Mongolian PM should stress consistency

    Mongolia’s macho new prime minister Ukhnaagiin Khurelsukh is taking the reins of a country that has suffered from excessive debt, a woeful credit rating and a corruption scandal which felled his predecessor. But despite the country’s struggles, his best policy approach may be simply to maintain the current course.

    • 10 Oct 2017
  • Laos extends curve to 15 years, seals largest bond

    The Lao People’s Democratic Republic, through the Ministry of Finance, raised Bt14bn ($420m) this week from a six-tranche bond in Thailand — its largest ever print. The sovereign also managed to push out its curve to an unprecedented 15 years, leveraging on Thai investors’ familiarity with its credit.

    • 06 Oct 2017
  • China’s central bank provides ‘escape valve’ for squeezed European repo mart

    The People’s Bank of China has used its extensive holdings of European government bonds to act as an “escape valve” at times when the European repo market has become squeezed — such as year-end and quarter-end periods, when certain French and German bonds were unobtainable at almost any price.

    • 04 Oct 2017
  • Laos keeps investors busy with six-tranche baht bond

    Lao People’s Democratic Republic is taking bids for a six-tranche Thai baht bond this week, and is hoping to settle the Bt14bn ($420m) transaction on Thursday.

    • 03 Oct 2017
  • Masala bonds get lifeline with RBI rule tweak

    In a fillip to the Masala bond market, Reserve Bank of India is excluding offshore rupee-denominated bonds from the investment limits in corporate debt for foreign portfolio investors, effective October 3.

    • 25 Sep 2017
  • China’s downgrade won’t scare investors

    China’s downgrade by S&P caused an initial wave of surprise in the market on Thursday, but the rating change will ultimately be a non-event, despite the sovereign plotting a return to dollar bonds shortly.

    • 22 Sep 2017

Sovereigns/Sub-sovereigns 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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