China Education makes convertible debut

China Education Group Holdings tapped the equity-linked market on Thursday, raising HK$2.35bn ($300m) from its first convertible bond.

  • By Jonathan Breen
  • 22 Mar 2019

Sole bookrunner Credit Suisse launched the deal after the Hong Kong market closed on Thursday. The issuer announced a 2024 CB with three year call and put options attached.

The notes were on offer at par with a coupon of between 1.5% and 2% and a 30% to ...

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Panda Bonds Top Arrangers

Rank Arranger Share % by Volume
1 Bank of China (BOC) 23.56
2 Industrial and Commercial Bank of China (ICBC) 16.09
3 China Merchants Securities Co 11.38
4 Agricultural Bank of China (ABC) 6.90
5 HSBC 5.75

Bookrunners of Asia-Pac (ex-Japan) ECM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 19 Sep 2019
1 CITIC Securities 10,473.34 57 7.35%
2 Goldman Sachs 10,410.71 44 7.31%
3 UBS 8,233.81 59 5.78%
4 Morgan Stanley 8,137.73 53 5.71%
5 China International Capital Corp Ltd 7,763.29 49 5.45%

Bookrunners of Asia Pacific (ex-Japan) G3 DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 19 Sep 2019
1 HSBC 26,007.76 228 8.39%
2 Citi 20,478.62 144 6.60%
3 JPMorgan 15,379.66 107 4.96%
4 Standard Chartered Bank 14,160.84 143 4.57%
5 Morgan Stanley 11,315.38 77 3.65%

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