JIC unit debuts $500m bond with keepwell

A keepwell structure that offered a premium of around 50bp to investors allowed JIC Leasing, a subsidiary of China Jianyin Investment (JIC), to raise its full $500m regulatory quota on Thursday.

  • By Addison Gong
  • 14 Sep 2018

Bookbuilding for JIC Leasing’s three year bond started from the area of 205bp over US Treasuries, with Bank of China, Cinda International and HSBC as the global co-ordinators.

Bank of Communications, China Everbright Bank Hong Kong branch, China Citic Bank International, CICC, DBS, ICBC International and OCBC ...

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Panda Bonds Top Arrangers

Rank Arranger Share % by Volume
1 China Merchants Securities Co 19.83
2 Industrial and Commercial Bank of China (ICBC) 14.01
3 CITIC Securities 11.86
4 Agricultural Bank of China (ABC) 10.78
5 China CITIC Bank Corp 9.70

Bookrunners of Asia-Pac (ex-Japan) ECM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Goldman Sachs 15,469.75 70 7.92%
2 Morgan Stanley 13,466.46 57 6.90%
3 Citi 13,244.21 81 6.78%
4 China International Capital Corp Ltd 10,197.61 35 5.22%
5 UBS 10,011.63 64 5.13%

Bookrunners of Asia Pacific (ex-Japan) G3 DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 19,956.43 167 7.49%
2 Citi 19,598.11 125 7.36%
3 JPMorgan 12,963.00 77 4.87%
4 Bank of America Merrill Lynch 12,162.96 75 4.57%
5 Goldman Sachs 10,929.25 52 4.10%

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