MCC, BOC Aviation get thumbs-up from investors

Metallurgical Corporation of China and BOC Aviation found strong investor support for their bonds on Monday, with the former bagging Asia’s first senior perpetual bond in more than a month and the latter walking away with an over six times covered transaction.

  • By Addison Gong
  • 24 Apr 2018
Asia hasn’t seen a senior perpetual deal since Chinese state-owned Tewoo Group and China Minmetals Corp priced their respective perp non call three year bonds in early March. Since then, the US Federal Reserve has hiked interest rates by 25bp, and the market backdrop has been more ...

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Panda Bonds Top Arrangers

Rank Arranger Share % by Volume
1 China Merchants Securities Co 14.44
2 Industrial and Commercial Bank of China (ICBC) 11.65
3 Bank of China (BOC) 10.33
4 CITIC Securities 8.41
5 Agricultural Bank of China (ABC) 7.17

Bookrunners of Asia-Pac (ex-Japan) ECM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Goldman Sachs 1,075.14 2 13.84%
2 CITIC Securities 952.42 4 12.26%
3 Bank of China 754.84 3 9.72%
4 China International Capital Corp Ltd 721.75 3 9.29%
5 Guotai Junan Securities Co Ltd 668.93 3 8.61%

Bookrunners of Asia Pacific (ex-Japan) G3 DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 2,199.70 15 11.58%
2 Citi 1,502.15 13 7.91%
3 JPMorgan 1,192.62 8 6.28%
4 UBS 1,022.45 9 5.38%
5 Standard Chartered Bank 1,009.43 7 5.31%

Asian polls & awards

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