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Hitachi snaps up Rmb600m from CNH return

Japan’s Hitachi Capital Corp has added to the recent flurry of issuance in offshore renminbi, bagging Rmb600m ($87m) on Monday from its second CNH transaction in a year.

  • By Addison Gong
  • 18 Sep 2018

The company, rated A- by S&P, has an outstanding Rmb500m 4.5% 2022 CNH bond from last November, which was trading at around 4.25% in the secondary market before the new deal was announced.

“With some new issue premium and curve extension, fair value should be at ...

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Panda Bonds Top Arrangers

Rank Arranger Share % by Volume
Excludes PPs. Click for full table
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 %
View full table
For detailed analysis: Dealogic
  • 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 %
View full table
For detailed analysis: Dealogic
  • 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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