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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 1,472.64 4 9.31%
2 CITIC Securities 1,389.13 8 8.78%
3 China International Capital Corp Ltd 1,340.29 6 8.47%
4 UBS 1,119.14 7 7.08%
5 Morgan Stanley 1,105.27 8 6.99%

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 5,431.62 41 10.56%
2 JPMorgan 3,619.90 21 7.04%
3 Citi 3,555.05 26 6.91%
4 UBS 2,356.80 22 4.58%
5 Deutsche Bank 2,285.67 18 4.44%

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