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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) 27.09
2 Industrial and Commercial Bank of China (ICBC) 12.86
3 China Merchants Bank Co 11.85
4 China Merchants Securities Co 9.09
5 Agricultural Bank of China (ABC) 5.51

Bookrunners of Asia-Pac (ex-Japan) ECM

Rank Lead Manager Amount $b No of issues Share %
View full table
For detailed analysis: Dealogic
  • Last updated
  • Today
1 CITIC Securities 15.74 76 7.80%
2 Goldman Sachs 14.46 60 7.17%
3 China International Capital Corp Ltd 14.21 72 7.04%
4 UBS 12.70 89 6.30%
5 Morgan Stanley 11.11 66 5.51%

Bookrunners of Asia Pacific (ex-Japan) G3 DCM

Rank Lead Manager Amount $b No of issues Share %
View full table
For detailed analysis: Dealogic
  • Last updated
  • Today
1 HSBC 32.35 286 8.26%
2 Citi 25.59 178 6.53%
3 Standard Chartered Bank 18.08 182 4.62%
4 JPMorgan 18.02 132 4.60%
5 Bank of America Merrill Lynch 15.02 111 3.84%

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