Diversification demand fuels Biostime $200m tap

Biostime International ventured out to the debt market on Monday with a tap of its outstanding five year bonds. Thanks to strong momentum, the issuer decided to raise $200m instead of the initial target of $150m.

  • By Addison Gong
  • 24 Jan 2017

Sold in June 2016, Biostime’s $400m 7.25% 2021s were priced at par. Back then, the company spent time with accounts in Asia, Europe and the US to build relationships and undertook investor relation work, according to a source with knowledge of the trade.

“Investors, particularly here in Asia, ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.

Panda Bonds Top Arrangers

Rank Arranger Share % by Volume
1 Bank of China (BOC) 20.52
2 Industrial and Commercial Bank of China (ICBC) 14.01
3 China Merchants Bank Co 12.91
4 China Merchants Securities Co 9.91
5 Agricultural Bank of China (ABC) 6.01

Bookrunners of Asia-Pac (ex-Japan) ECM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Goldman Sachs 11,530.84 52 7.09%
2 CITIC Securities 11,103.42 63 6.83%
3 Morgan Stanley 9,397.60 58 5.78%
4 China International Capital Corp Ltd 9,334.63 55 5.74%
5 UBS 9,318.80 71 5.73%

Bookrunners of Asia Pacific (ex-Japan) G3 DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 28,885.47 252 8.40%
2 Citi 23,343.45 161 6.79%
3 JPMorgan 16,145.00 117 4.70%
4 Standard Chartered Bank 15,766.62 158 4.59%
5 Bank of America Merrill Lynch 12,496.06 94 3.64%

Asian polls & awards

  • GM Awards 2019: CEE

  • GlobalCapital China Capital Market Awards 2019: open for submissions

    GlobalCapital China is pleased to invite you to participate in the GlobalCapital China Capital Market Awards 2019. Inaugurated last year under the GlobalRMB banner, the awards celebrate the accomplishments of the leading players in the renminbi debt capital markets, onshore and offshore, as well as key service providers.

  • Now open! GlobalCapital Asia Capital Market Awards 2019

    GlobalCapital Asia is pleased to invite pitches for our annual capital markets and investment banking awards, which reward the most impressive transactions and investment banks of 2019.

  • GlobalCapital reveals SRI Award nominations

    GlobalCapital has published the nominations for its Sustainable and Responsible Capital Markets Awards. The winners will be announced on September 17, at our Awards Ceremony in Amsterdam.

  • GlobalCapital SRI Awards: poll extended

    In response to requests from market participants, GlobalCapital has extended the closing date of its poll to determine the 2019 winners of its Sustainable and Responsible Capital Markets Awards. Market participants can now vote until July 26.