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Second time’s the charm: Concord, SSMS find success

China’s Concord New Energy Group and Indonesia’s Sawit Sumbermas Sarana (SSMS) sold their first dollar bonds on Tuesday, successfully completing transactions that were stymied just two months ago.

  • By Morgan Davis
  • 17 Jan 2018

Both the companies first hit the market in mid-November, but their plans were foiled as Asian bonds suffered a drop in trading. “Those deals coincided with one of the only real credit wobbles we saw last year,” said a syndicate director on the SSMS trade.

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Panda Bonds Top Arrangers

Rank Arranger Share % by Volume
Excludes PPs. Click for full table
1 China Merchants Securities Co 20.18
2 Industrial and Commercial Bank of China (ICBC) 14.26
3 CITIC Securities 12.06
4 Agricultural Bank of China (ABC) 10.97
5 China CITIC Bank Corp 9.87

Bookrunners of Asia-Pac (ex-Japan) ECM

Rank Lead Manager Amount $m No of issues Share %
View full table
For detailed analysis: Dealogic
  • Last updated
  • Today
1 Goldman Sachs 13,871.99 57 8.10%
2 Citi 11,327.61 67 6.61%
3 Morgan Stanley 11,205.74 46 6.54%
4 China International Capital Corp Ltd 9,165.84 31 5.35%
5 China Securities Co Ltd 8,445.39 35 4.93%

Bookrunners of Asia Pacific (ex-Japan) G3 DCM

Rank Lead Manager Amount $m No of issues Share %
View full table
For detailed analysis: Dealogic
  • Last updated
  • Today
1 HSBC 17,477.67 143 7.59%
2 Citi 15,770.34 102 6.85%
3 Bank of America Merrill Lynch 11,217.92 67 4.87%
4 JPMorgan 10,857.58 61 4.71%
5 Goldman Sachs 9,731.81 44 4.23%

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