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Zhejiang LGFV depends on anchors for debut

Zhuji Development, a Chinese local government financing vehicle from the Zhejiang province, has made its international bond debut with a well-anchored deal.

  • By Morgan Davis
  • 05 Dec 2018
The borrower, which raised $230m on Tuesday, received a quota to sell offshore bonds last month from China’s National Development and Reform Commission, the regulatory body that oversees international debt issuance. Zhuji Development, through global co-ordinators China Securities and DBS, and bookrunners and lead managers China Citic Bank ...

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Panda Bonds Top Arrangers

Rank Arranger Share % by Volume
Excludes PPs. Click for full table
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 %
View full table
For detailed analysis: Dealogic
  • Last updated
  • Today
1 Goldman Sachs 17,789.40 87 7.59%
2 Morgan Stanley 14,665.53 74 6.25%
3 Citi 14,439.29 99 6.16%
4 UBS 13,112.16 89 5.59%
5 China International Capital Corp Ltd 11,814.82 50 5.04%

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 26,708.75 232 7.83%
2 Citi 23,882.97 159 7.01%
3 JPMorgan 15,519.87 98 4.55%
4 Bank of America Merrill Lynch 14,271.29 91 4.19%
5 Goldman Sachs 13,938.23 69 4.09%

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