Bank of Qingdao hits targets on $1.2bn AT1

Ample demand allowed Bank of Qingdao to price its inaugural additional tier one dollar bond tightly on Tuesday. The deal stood out because of the bigger participation from non-Chinese investors — something that bodes well for the hefty AT1 pipeline.

  • By Addison Gong
  • 13 Sep 2017

On a busy Tuesday that saw high-profile deals from the likes of Korea Development Bank, Nippon Life, Softbank and Westpac, as well as China’s ABC International dazzling investors, books were opened for Bank of Qingdao’s Reg S trade.

The outing marks only the second international ...

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Panda Bonds Top Arrangers

Rank Arranger Share % by Volume
1 Bank of China (BOC) 28.78
2 CITIC Securities 22.01
3 China CITIC Bank Corp 10.16
4 Industrial and Commercial Bank of China (ICBC) 7.90
4 Everbright Securities 7.90

Bookrunners of Asia-Pac (ex-Japan) ECM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 CITIC Securities 9,843.07 61 5.75%
2 Goldman Sachs 8,791.82 40 5.13%
3 China International Capital Corp Ltd 8,175.96 42 4.77%
4 UBS 7,533.78 55 4.40%
5 Citi 7,277.56 50 4.25%

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Rank Lead Manager Amount $m No of issues Share %
  • Last updated
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1 HSBC 27,049.63 178 8.43%
2 Citi 23,096.66 145 7.20%
3 JPMorgan 20,336.44 114 6.34%
4 Bank of America Merrill Lynch 15,766.30 85 4.91%
5 Standard Chartered Bank 13,949.71 104 4.35%

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