REC jump starts week with dollar bond

India’s Rural Electrification Corp kicked off the week by launching a three year dollar bond on Monday morning local time.

  • By Morgan Davis
  • 11 Dec 2017

Bookrunners and lead managers ANZ, Barclays, Mizuho and MUFG opened books for the Reg S trade at 125bp over US Treasuries area, following a roadshow last week.

The Singapore-listed notes will be rated Baa2/—/BBB-, in line with the issuer. They come with a put option at ...

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Panda Bonds Top Arrangers

Rank Arranger Share % by Volume
1 China Merchants Securities Co 18.04
2 Agricultural Bank of China (ABC) 15.83
2 CITIC Securities 15.83
4 China CITIC Bank Corp 14.25
5 Industrial and Commercial Bank of China (ICBC) 11.08

Bookrunners of Asia-Pac (ex-Japan) ECM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 8,204.66 32 8.37%
2 Morgan Stanley 7,881.12 23 8.04%
3 Goldman Sachs 7,577.98 27 7.73%
4 China Securities Co Ltd 5,909.17 16 6.03%
5 Bank of America Merrill Lynch 5,528.29 11 5.64%

Bookrunners of Asia Pacific (ex-Japan) G3 DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 11,389.80 84 7.59%
2 Citi 8,331.18 56 5.55%
3 JPMorgan 7,405.01 33 4.93%
4 Goldman Sachs 7,280.81 27 4.85%
5 Bank of America Merrill Lynch 6,475.02 32 4.31%

Asian polls & awards

  • The Australian Fixed Income Poll 2018

    Asiamoney, in association with National Australia Bank, invites all fixed income investors in Asia and Europe to participate in the Australian Fixed Income Poll 2018. The online poll will take only five to 10 minutes to complete.

  • Regional Capital Markets Awards Part IV: Investment Bank

    In the last instalment of our 2017 awards, we present the full write-ups of the winners of Best Asian Investment Bank and Best Investment Bank.

  • Regional Capital Markets Awards Part III: Bonds

    In the third instalment of our 2017 awards, we present the full write-ups of the winners of the Best Local Currency Bond, Best High Yield Bond, Best Financial Bond, Best SSA Bond, Best Investment Grade Bond, Best Project Finance Deal, Best Bond, Best G3 and Local Currency Bond House, and Best High Yield Bond House.

  • Regional Capital Markets Awards Part II: Equities

    In the second instalment of our 2017 awards, we present the full write-ups of the winners for Best Follow-On/Accelerated Bookbuild, Best Equity-Linked Deal, Best IPO, Best ECM Deal and Best ECM House.

  • Regional Capital Markets Awards Part I: Loans

    In the first instalment of our 2017 awards, we present the full write-ups of the winners for Best Investment Grade Syndicated Loan, Best High Yield Syndicated Loan, Best Leveraged/Acquisition Finance, Best Loan and Best Loans House.