HK’s Wing Lung Bank to raise tier two capital

Wing Lung Bank, part of China Merchants Bank Group, has mandated six firms to work on a Basel III tier two dollar transaction, and will go on a roadshow in Hong Kong and Singapore.

  • By Addison Gong
  • 09 Nov 2017

The Hong Kong-based bank has hired Bank of America Merrill Lynch, Citi, CMB International and Wing Lung Bank to be the joint global co-ordinators.

The four will also be the joint lead managers and joint bookrunners alongside China Everbright Bank Hong Kong branch and China Merchants Securities (HK).

Meetings with ...

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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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1 CITIC Securities 13,827.70 78 5.93%
2 UBS 13,644.76 81 5.86%
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 %
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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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