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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
Excludes PPs. Click for full table
1 China Merchants Securities Co 26.40
2 Industrial and Commercial Bank of China (ICBC) 20.00
3 China Securities 13.33
4 Agricultural Bank of China (ABC) 12.00
5 Bank of China (BOC) 11.33

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 CITIC Securities 6,126.98 28 8.97%
2 Goldman Sachs 5,994.79 21 8.78%
3 Morgan Stanley 4,359.35 28 6.38%
4 China International Capital Corp Ltd 3,925.11 17 5.75%
5 UBS 3,727.37 21 5.46%

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 12,820.23 113 8.54%
2 JPMorgan 9,032.10 54 6.01%
3 Citi 8,900.47 66 5.93%
4 Credit Suisse 5,896.22 44 3.93%
5 Standard Chartered Bank 5,747.27 53 3.83%

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