Lonking, GCL brave heavy bond supply from China

Two Chinese corporations, Lonking Holdings and GCL-Poly Energy Holdings, plan to test international bond demand as early as this week. They will have to overcome increasing fears about supply from Chinese credits.

  • 26 May 2011
The two companies are aiming to sell five year non-call three bonds, and are both at the tail-end of roadshows that have taken funding officials to meet investors in Asia, Europe and the US. Lonking, which produces construction machinery, has approached investors with price whispers of the mid-to-high ...

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5 Morgan Stanley 38,350.79 202 2.34%

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5 SG Corporate & Investment Banking 8,311.04 47 5.64%

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5 Barclays 7,309.82 50 5.62%

Bookrunners of European Corporate IG Bonds

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1 BNP Paribas 13,998.75 62 7.56%
2 Deutsche Bank 13,791.03 42 7.45%
3 Citi 11,544.92 48 6.24%
4 Barclays 10,865.91 47 5.87%
5 JPMorgan 9,678.50 37 5.23%