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PLN surprises with tight pricing on $2bn debut

Indonesian power company Perusahaan Listrik Negara is seeking an up to $2bn debut loan, but has surprised some bankers with the tight pricing on offer.

  • By Pan Yue
  • 10 Jul 2018

ANZ, Citi, Bank of China Hong Kong, Mizuho, OCBC Bank, Sumitomo Mitsui Banking Corp and United Overseas Bank are the mandated lead arrangers and bookrunners. They launched the deal into general syndication last week, according to multiple bankers.

The borrowing has an initial size of $1.5bn with a ...

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Panda Bonds Top Arrangers

Rank Arranger Share % by Volume
Excludes PPs. Click for full table
1 Bank of China (BOC) 23.56
2 Industrial and Commercial Bank of China (ICBC) 16.09
3 China Merchants Securities Co 11.38
4 Agricultural Bank of China (ABC) 6.90
5 HSBC 5.75

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
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1 Goldman Sachs 10,410.71 44 7.40%
2 CITIC Securities 10,076.72 56 7.16%
3 UBS 8,138.26 58 5.78%
4 Morgan Stanley 8,137.73 53 5.78%
5 China International Capital Corp Ltd 7,629.46 48 5.42%

Bookrunners of Asia Pacific (ex-Japan) G3 DCM

Rank Lead Manager Amount $m No of issues Share %
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  • Last updated
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1 HSBC 25,895.51 225 8.46%
2 Citi 19,878.62 143 6.49%
3 JPMorgan 15,342.51 106 5.01%
4 Standard Chartered Bank 13,932.50 138 4.55%
5 Bank of America Merrill Lynch 11,261.66 88 3.68%

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