Evergrande scores $1.5bn high yield deal

China Evergrande Group dashed into the market last Friday, securing a $1.5bn deal across two tranches before investors shut down for the weekend.

  • By Morgan Davis
  • 20 Mar 2017

Evergrande’s Friday move proved smart, as its deal was the only one in the market, and only the second dollar issuance from Asia ex-Japan after the US Federal Reserve raised rates on Wednesday. Fosun International hit the market on Thursday, selling an $800m 5.25% 2022.  

“The strong market really ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.

Panda Bonds Top Arrangers

Rank Arranger Share % by Volume
1 Bank of China (BOC) 30.14
2 CITIC Securities 23.05
3 China CITIC Bank Corp 10.64
4 Industrial and Commercial Bank of China (ICBC) 8.27
4 Everbright Securities 8.27

Bookrunners of Asia-Pac (ex-Japan) ECM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 CITIC Securities 9,696.66 60 5.77%
2 Goldman Sachs 8,791.82 40 5.23%
3 China International Capital Corp Ltd 8,023.48 41 4.77%
4 Citi 7,277.56 50 4.33%
5 UBS 6,995.57 52 4.16%

Bookrunners of Asia Pacific (ex-Japan) G3 DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 26,605.03 176 8.51%
2 Citi 22,846.88 144 7.31%
3 JPMorgan 19,741.42 112 6.31%
4 Bank of America Merrill Lynch 15,421.07 84 4.93%
5 Standard Chartered Bank 13,604.47 103 4.35%

Asian polls & awards

  • GlobalCapital Asia Regional Capital Market Awards 2017

    GlobalCapital Asia is pleased to invite pitches for our annual regional capital markets and investment banking awards, rewarding the most impressive transactions and investment bank franchises of 2017.

  • GlobalCapital Sustainable and Responsible Capital Markets Awards 2017: the Winners

    France, Tennet, NWB and Berlin Hyp are among the green and social bond issuers acclaimed in GlobalCapital's Sustainable and Responsible Capital Markets Awards 2017, which were announced on Tuesday in Amsterdam.

  • Sustainable and Responsible Capital Markets Awards: the Nominations

    GlobalCapital is happy to announce the nominations for its Sustainable and Responsible Capital Markets Awards 2017.

  • 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.