Ford starts engine for Rmb3bn auto ABS ride

Ford Automotive Finance (China) is readying its Rmb3bn ($435m) auto ABS transaction, its first this year and its sixth on the Mainland. But investors hoping for some new features will be disappointed, as the new transaction shares similar features with its last two outings in 2016.

  • By Addison Gong
  • 06 Apr 2017

Bookbuilding is expected on April 13, with China Merchants Securities the lead underwriter for the transaction. BOC International, HSBC and Industrial and Commercial Bank of China are the joint lead underwriters, while Morgan Stanley is the financial adviser.

Other members of the underwriting group include Bank of Tokyo-Mitsubishi ...

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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
  • Today
1 CITIC Securities 13,827.70 78 5.93%
2 UBS 13,644.76 81 5.85%
3 Goldman Sachs 10,607.81 53 4.55%
4 Morgan Stanley 9,964.98 53 4.28%
5 China Securities Co Ltd 9,861.82 46 4.23%

Bookrunners of Asia Pacific (ex-Japan) G3 DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 31,212.38 211 8.11%
2 Citi 29,616.03 180 7.69%
3 JPMorgan 23,422.21 136 6.08%
4 Bank of America Merrill Lynch 19,805.99 103 5.14%
5 Standard Chartered Bank 16,034.80 121 4.16%

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