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Latest market news

• Shandong Iron navigates weakening market for $500m

  Shandong Iron & Steel Group Co was forced to pay 50bp more than it expected for a new $500m three year bond on Thursday, despite trying to appeal to investors with a positive spin on its future fundraising plans.

  • 30 Oct 2020

• Zhongyuan Yuzi pulls deal as Chinese LGFVs face tricky funding environment

  Two Chinese local government financing vehicles (LGFVs) hit speed bumps in the dollar bond market this week amid rising volatility, as investors pushed back on the issuers’ attempts to get away with aggressive pricing. While one of the borrowers sealed its deal despite tepid demand, another was forced to scrap its transaction. Morgan Davis reports.

  • 29 Oct 2020

• Gansu LGFV sees poor investor turnout for bond

  Gansu Provincial Highway Aviation Tourism Investment Group Co found lacklustre support for its $300m bond on Tuesday after its pricing strategy deterred investors from joining the deal.

  • 28 Oct 2020

• Country Garden wraps up $1.5bn loan with 16 banks

  Chinese property developer Country Garden has closed a $1.5bn-equivalent dual currency loan, attracting seven participants during syndication.

  • 23 Oct 2020

• Dim sum market surprises as ADBC sees hot demand for rare 10 year

  Agricultural Development Bank of China returned to the offshore renminbi market this week with a Rmb5.7bn ($854m) triple-tranche transaction. The deal featured a rare 10 year tenor in the dim sum market, showing the potential for more long-dated CNH funding. Addison Gong reports.

  • 22 Oct 2020

Bank of China In The Key League Tables

Asset	Rank	STLY	Amount $bn	No of issues	Share %	STLY Share %
For detailed analysis:
Last updated Today
Global Syndicated Loan Volume	12	19	44.46	223	2.43%	1.58%
Bookrunners of International Emerging Market DCM	14	12	14.77	175	2.21%	2.18%
Bookrunners of Global FIG	15	9	29.10	129	1.96%	2.99%
Syndicated Loan Revenue - EMEA	20	45	0.01	16	1.77%	0.32%
All Corporate Bonds	25	20	27.57	274	0.95%	1.30%
Leveraged Syndicated Loans	6	7	33.38	183	4.50%	3.01%
Bookrunners of Central and Eastern Europe: Loans	17	16	0.45	3	2.56%	1.91%
Bookrunners of Asia Pacific (ex-Japan) G3 DCM	7	8	13.51	164	3.57%	3.45%
Bookrunners of Asia-Pac (ex-Japan) ECM	22	16	2.50	22	0.83%	1.71%
Bookrunners of G3 Syndicated Loans (Asia Pacific ex-Japan)	9	4	1.86	13	3.64%	5.21%
Bookrunners of China Domestic DCM	4	2	44.47	226	5.88%	8.32%
Bookrunners of Singapore dollar DCM	10	20	0.03	1	0.36%	0.10%