Reliance Industries seeks decade bond

India’s Reliance Industries is the first to take advantage of the positive sentiment around the country following the sovereign’s ratings upgrade last week. The petrochemical to digital services conglomerate started marketing a dollar bond on Monday morning.

  • By Morgan Davis
  • 20 Nov 2017

Joint global co-ordinators Bank of America Merrill Lynch, Citi and HSBC opened books for the 10 year notes at 150bp over US Treasuries area.

Barclays, JP Morgan and Standard Chartered are the active bookrunners on the 144A/Reg S deal, while ANZ, BNP Paribas, Crédit Agricole, Deutsche Bank, ...

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Panda Bonds Top Arrangers

Rank Arranger Share % by Volume
1 Bank of China (BOC) 28.62
2 CITIC Securities 21.06
3 China CITIC Bank Corp 9.72
4 China Merchants Bank Co 9.18
5 Industrial and Commercial Bank of China (ICBC) 7.56

Bookrunners of Asia-Pac (ex-Japan) ECM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 CITIC Securities 16,270.37 85 6.29%
2 UBS 14,128.60 88 5.46%
3 Goldman Sachs 11,744.37 58 4.54%
4 China International Capital Corp Ltd 11,499.94 56 4.44%
5 Morgan Stanley 10,900.56 58 4.21%

Bookrunners of Asia Pacific (ex-Japan) G3 DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 65,522.96 435 8.65%
2 Citi 60,304.20 341 7.96%
3 JPMorgan 48,158.06 268 6.36%
4 Bank of America Merrill Lynch 44,812.40 223 5.92%
5 Standard Chartered Bank 32,612.99 230 4.31%

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