Chengdu LGFV, Jiayuan take advantage of China bid

Chinese local government financing vehicle Chengdu Hi-Tech Investment Group Co and real state company Jiayuan International Group both relied on anchor interests for their dollar bonds on Tuesday.

  • By Addison Gong
  • 07 Nov 2018


The issuers hit the market when Singapore was closed for a public holiday and as the US was heading into the mid-term elections. 

But their transactions were pretty much exempt from the influence of the Singapore holiday due to their China-heavy nature, a banker in Hong Kong told GlobalCapital ...

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Panda Bonds Top Arrangers

Rank Arranger Share % by Volume
1 China Merchants Securities Co 16.70
2 Industrial and Commercial Bank of China (ICBC) 14.38
3 CITIC Securities 10.44
4 Agricultural Bank of China (ABC) 9.08
5 China CITIC Bank Corp 8.17

Bookrunners of Asia-Pac (ex-Japan) ECM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Goldman Sachs 16,522.26 78 7.61%
2 Morgan Stanley 14,119.84 65 6.50%
3 Citi 14,051.62 90 6.47%
4 UBS 12,377.19 76 5.70%
5 China International Capital Corp Ltd 10,849.77 43 5.00%

Bookrunners of Asia Pacific (ex-Japan) G3 DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 22,167.26 190 7.53%
2 Citi 21,542.45 144 7.32%
3 JPMorgan 14,738.77 90 5.01%
4 Bank of America Merrill Lynch 12,958.17 82 4.40%
5 Goldman Sachs 11,768.61 57 4.00%

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