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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 Bank of China (BOC) 21.85
2 China Merchants Securities Co 14.67
3 Industrial and Commercial Bank of China (ICBC) 14.44
4 Agricultural Bank of China (ABC) 8.89
5 China Securities 7.41

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 8,376.11 38 8.27%
2 Goldman Sachs 8,051.77 31 7.95%
3 Morgan Stanley 6,109.23 41 6.03%
4 China International Capital Corp Ltd 5,877.20 34 5.80%
5 UBS 5,640.98 40 5.57%

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 17,645.24 155 8.27%
2 Citi 12,384.97 99 5.80%
3 JPMorgan 11,422.13 77 5.35%
4 Standard Chartered Bank 8,189.28 83 3.84%
5 Bank of China 7,633.07 95 3.58%

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