Vedanta digs for $1bn dual tranche deal

Indian metals and mining company Vedanta Resources courted the market on Thursday for its first bond since delisting from the London Stock Exchange late last year. While the delisting raised some questions for investors, the deal ultimately pulled in $1bn for the issuer.

  • By Morgan Davis
  • 12 Apr 2019

Global co-ordinators Credit Suisse, JP Morgan and Standard Chartered began marketing the company’s four year bullet at the 8.25% area and its seven non-call four year bond at the 9.375% area on Thursday morning Hong Kong time.

The order book for the transaction reached $1.1bn after ...

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Panda Bonds Top Arrangers

Rank Arranger Share % by Volume
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 %
  • Last updated
  • Today
1 CITIC Securities 9,352.22 46 7.77%
2 Goldman Sachs 8,791.68 35 7.31%
3 Morgan Stanley 7,141.38 47 5.94%
4 China International Capital Corp Ltd 6,923.83 42 5.76%
5 UBS 6,281.96 46 5.22%

Bookrunners of Asia Pacific (ex-Japan) G3 DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 21,623.09 187 8.52%
2 Citi 15,676.35 116 6.18%
3 JPMorgan 13,588.40 91 5.35%
4 Standard Chartered Bank 10,694.15 107 4.21%
5 Bank of America Merrill Lynch 9,701.88 75 3.82%

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