China Citic Bank dares tier two after ICBC

China CITIC Bank International will embark on investor meetings to sell Asia’s second Basel III-compliant tier two after ICBC (Asia) took the plunge in the beginning of the month and saw its outstanding bonds trade wider in secondaries.

  • By Frances J. Yoon
  • 25 Oct 2013


The bank has mandated BBVA, HSBC, Goldman Sachs and Royal Bank of Scotland to arrange investor meetings for its first Basel III bond in Hong Kong on Monday, Singapore on Tuesday and London on Wednesday.

ICBC (Asia)’s tier twos had a non-viability trigger that can force a writedown ...

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Panda Bonds Top Arrangers

Rank Arranger Share % by Volume
1 CITIC Securities 27.31
2 China CITIC Bank Corp 16.81
3 China Merchants Bank Co 13.66
3 Bank of China (BOC) 13.66
5 Everbright Securities 10.50

Bookrunners of Asia-Pac (ex-Japan) ECM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 19 Jul 2017
1 CITIC Securities 7,763.12 41 5.89%
2 China International Capital Corp Ltd 7,717.05 36 5.85%
3 Goldman Sachs 6,964.89 30 5.28%
4 UBS 6,293.33 42 4.77%
5 China Securities Co Ltd 5,257.70 29 3.99%

Bookrunners of Asia Pacific (ex-Japan) G3 DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 19 Jul 2017
1 HSBC 21,906.29 134 8.88%
2 Citi 18,576.11 115 7.53%
3 JPMorgan 15,143.53 82 6.14%
4 Standard Chartered Bank 11,503.67 80 4.66%
5 Bank of America Merrill Lynch 11,072.09 62 4.49%

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