MERRILL LYNCH ASIAN DOLLAR INDEX
Index Description Index level 1 week total return 1 month total return 3 months total return OAS
ADIG Asian-dollar high-grade index 391.174 0.284 –0.089 1.585 116
ADHY Asian-dollar high-yield index 610.640 0.317 0.468 2.691 371
AGIG Asian-dollar government high-grade index 364.730 0.288 –0.292 1.869 105
AGHY Asian-dollar government high-yield index 727.000 0.343 0.229 3.892 284
ACIG Asian-dollar corporate high-grade index 416.518 0.283 –0.012 1.485 120
ACHY Asian-dollar corporate high-yield index 500.881 0.313 0.510 2.460 389
Source: Merrill Lynch
ASIAN CURRENCY BOND ISSUANCE
Issuer Currency Amount Maturity Pay date Coupon Issue price Product Leads
African Development Bank A$ 29.956m 10y 13/10/17 3.3 99.852 Medium-Term Nts Nomura Australia
Bank of China (Hong Kong) Rmb 1bn 1y 10/10/17 4.35 100 Fxd Rte CDs Credit Agricole Hong Kong
Bank of Tokyo-Mitsubishi (HK) HK$ 150m 3y 12/10/17 1.96 100 Fxd Rte CDs StanChart (HK)
BoComm-HK HK$ 150m 3y 06/10/17 2.12 100 Fxd Rte CDs Citicorp International (HK)
CapitaLand and Treasury S$ 500m 10y 19/10/17 3.08 100 Gtd Mdm-Trm Nts DBS
CCCC Investment Rmb 1.5bn 13/10/17 100 Medium-Term Nts China Merchants Bank, CITIC Sec
Charn Issara Development Bt 500m 3y 10/11/17 5.2 100 Sr Unsecurd Nts Asia Plus Sec, Globlex Sec, KT ZMICO Sec
China Huaneng Group Rmb 2bn 3y 11/10/17 100 Medium-Term Nts Shanghai Pudong, Bank of China
Dalian Jinma Mall Entrp Rmb 300m 3y 12/10/17 100 Unsecured Bond Everbright Sec
Rmb 300m 3y 12/10/17 100 Unsecured Bond Everbright Sec
Everbright Sec Rmb 1bn 5y 13/10/17 100 Unsecured Bond Guotai Junan Sec, Industrial Sec, China Galaxy Sec
Rmb 1bn 3y 13/10/17 100 Unsecured Bond China Galaxy Sec, Guotai Junan Sec, Industrial Sec
FCL Treasury S$ 31.031m 9y 12/10/17 4.25 103.435 Gtd Mdm-Trm Nts Oversea-Chinese Banking
Gas Malaysia Sdn M$ 100m 3y 04/04/18 4.29 100 Islamic Finance RHB Investment Bank
Grand Canal Land Bt 1.3bn 4y 09/11/17 4.99 100 Sr Unsecurd Nts Krung Thai Bank, Asia Plus Sec, Bangkok Bank
GSH Corp S$ 70m 3y 12/10/17 5.15 100 Sr Unsecurd Nts DBS
Guanghui Energy Rmb 480m 3y 12/10/17 100 Unsecured Bond Dongxing Sec
Hongshi Holding Group Rmb 500m 12/10/17 100 Medium-Term Nts Guotai Junan Sec, China Construction Bank
Huangmei Cnty Comprehensive Rmb 200m 7y 18/10/17 100 St Enterprise Guangzhou Sec
JMT Network Services Bt 440m 3y 12/10/17 4.2 100 Sr Unsecurd Nts Phatra Sec, CIMB Thai Bank Public
Kunshan Yinqiao Holdings Rmb 760m 7y 18/10/17 100 St Enterprise Ping An Sec, Soochow Sec
Lingling Const Invest Rmb 300m 5y 12/10/17 100 Medium-Term Nts Guotong Sec, China Construction Bank
Nanjing Jiangning State-Owned Rmb 1bn 3y 11/10/17 100 Medium-Term Nts China Merchants Bank
Pepper Residential Sec A$ 35.1m 30y 18/10/17 Bank Bill Swap 100 Flt Mtg Bkd Nts NAB
Rate+105bp
Province of Alberta A$ 248.755m 11y 11/10/17 3.6 99.502 Medium-Term Nts RBC Capital Markets
A$ 48.231m 9y 11/10/17 3.1 96.461 Medium-Term Nts RBC Capital Markets
Puluosiluohua China Overseas Rmb 1bn 5y 12/10/17 100 Medium-Term Nts China Merchants Bank
Shandong Three-Star Rmb 500m 2y 11/10/17 100 Medium-Term Nts China Zheshang Bank, CSC Financial
Shenzhen Invest Rmb 2bn 3y 11/10/17 100 Medium-Term Nts China Merchants Bank, China Construction Bank
Singapore Airlines S$ 203m 9y 17/10/17 3.13 101.5 Medium-Term Nts DBS
SK Broadband W 140bn 5y 11/10/17 100 Senior Bonds KBI Sec
W 30bn 3y 11/10/17 100 Senior Bonds KBI Sec
Toyota Motor Finance (NT) A$ 112m 4y 24/10/17 2.41 100 Medium-Term Nts Daiwa Capital Markets Europe
Vibrant Group S$ 36.5m 3y 10/10/17 7.5 100 Sr Unsecurd Nts DBS, United Overseas Bank
Yunnan Invest Hldg Rmb 1bn 1y 12/10/17 100 CP China Development Bank
Yunnan Yunnei Power Rmb 500m 1y 10/10/17 100 CP China Minsheng Banking Corp, China Merchants Bank
Zhengzhou Navigation Constr Rmb 400m 7y 18/10/17 100 St Enterprise Changjiang Sec
Zhuzhou Xiangjiang Constr Rmb 500m 3y 13/10/17 100 Medium-Term Nts China Minsheng Banking Corp
Source: IFR Asia
LAST WEEK’S ECM DEALS
Stock Country Date Amount Price Deal type Bookrunner(s)
MAS Financial Services India 10/10/17 Rs4.6bn Rs459 IPO (Primary) Motilal Oswal
Tenaga Nasional Malaysia 11/10/17 M$489.3m M$13.98 Follow-on (Secondary) CIMB
Indian Energy Exchange India 11/10/17 Rs10bn Rs1,650 IPO (Secondary) Axis, Kotak, IIFL
Chailease Taiwan 12/10/17 US$307m US$12.28 Follow-on (Primary) Mizuho, UBS
CSPC Pharmaceutical China 12/10/17 HK$2.35bn HK$12.44 Follow-on (Primary) HSBC
Source: IFR Asia