Bank of Baroda ends bond hiatus with pre-merger deal

Bank of Baroda returned to the market on Thursday to sell its first dollar deal in nearly five years. The bank, acting through its London Branch, raised $800m in a sale that came just days before its expected merger with Vijaya Bank and Dena Bank.

  • By Morgan Davis
  • 29 Mar 2019
The Baa3/­-/BBB- rated bank is set to merge on April 1, to become the third largest bank in India. While some of the banks on the Thursday bond sale suggested that the issuer wait until after that deal was complete before it sold a bond, the borrower wanted ...

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Panda Bonds Top Arrangers

Rank Arranger Share % by Volume
1 Bank of China (BOC) 26.36
2 China Merchants Bank Co 12.87
3 Industrial and Commercial Bank of China (ICBC) 12.51
4 China Merchants Securities Co 8.85
5 Agricultural Bank of China (ABC) 5.36

Bookrunners of Asia-Pac (ex-Japan) ECM

Rank Lead Manager Amount $b No of issues Share %
  • Last updated
  • Today
1 CITIC Securities 15.88 77 7.31%
2 China International Capital Corp Ltd 15.81 73 7.28%
3 Goldman Sachs 14.92 63 6.87%
4 UBS 13.28 92 6.12%
5 Morgan Stanley 12.71 67 5.85%

Bookrunners of Asia Pacific (ex-Japan) G3 DCM

Rank Lead Manager Amount $b No of issues Share %
  • Last updated
  • Today
1 HSBC 32.67 291 8.26%
2 Citi 25.59 178 6.47%
3 JPMorgan 18.24 136 4.61%
4 Standard Chartered Bank 18.16 184 4.59%
5 Bank of America Merrill Lynch 15.32 112 3.87%

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