HKICIM HK$9.2bn rights offer 71% subscribed

Shares in Hong Kong International Construction Investment Management Group, the property development and machinery leasing unit of Chinese conglomerate HNA Group, closed 2.3% higher on Tuesday after the company wrapped up its fully underwritten HK$9.2bn ($1.2bn) rights issue.

  • By Aidan Gregory
  • 20 Jun 2017

The two-for-one deal consisted of 2.2bn new shares at an offer price of HK$4.08, a premium of 0.99% to HKICIM’s closing share price of HK$4.04 on March 28 — the last trading day before the deal was first announced.

HKICIM received subscriptions for 71.4% of the total ...

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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 %
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  • Today
1 CITIC Securities 13,827.70 78 5.89%
2 UBS 13,692.33 82 5.83%
3 Goldman Sachs 10,720.86 54 4.57%
4 Morgan Stanley 10,186.93 54 4.34%
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Rank Lead Manager Amount $m No of issues Share %
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  • Today
1 HSBC 32,532.75 218 8.25%
2 Citi 30,515.32 184 7.74%
3 JPMorgan 23,972.21 138 6.08%
4 Bank of America Merrill Lynch 20,655.77 107 5.24%
5 Standard Chartered Bank 16,284.80 123 4.13%

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