Chinese real estate trio navigate busy Thursday

Three Chinese property companies, Jiayuan International Group, Golden Wheel Tiandi Holdings Company and SEA Holdings, have managed to meet their respective funding targets despite hitting the dollar bond market on a crowded day.

  • By Addison Gong, Morgan Davis
  • 12 Jan 2018

Their deals were executed on Thursday — the same day that Chinese tech giant Tencent Holdings nabbed $5bn from a four-tranche deal. But the bankers did not budge.

“Tencent was an investment grade name while we have high yield property credits. These are two different segments, so the ...

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Panda Bonds Top Arrangers

Rank Arranger Share % by Volume
1 China Merchants Securities Co 18.01
2 Industrial and Commercial Bank of China (ICBC) 15.02
3 CITIC Securities 10.77
4 Agricultural Bank of China (ABC) 9.79
5 China CITIC Bank Corp 8.81

Bookrunners of Asia-Pac (ex-Japan) ECM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Goldman Sachs 15,658.50 72 7.68%
2 Morgan Stanley 13,801.54 62 6.77%
3 Citi 13,609.47 87 6.67%
4 UBS 10,792.88 67 5.29%
5 China International Capital Corp Ltd 10,501.97 40 5.15%

Bookrunners of Asia Pacific (ex-Japan) G3 DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 20,547.73 174 7.47%
2 Citi 20,128.10 129 7.32%
3 JPMorgan 13,491.55 82 4.90%
4 Bank of America Merrill Lynch 12,328.25 77 4.48%
5 Goldman Sachs 11,208.75 54 4.07%

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