Hong Kong grows green market with dollar bond

The Hong Kong government is meeting with international investors this week in an effort to court attention for its debut green bond. The transaction has been expected for more than a year, with Hong Kong and green enthusiasts hoping that a sovereign deal can launch the city as a hub for sustainable financing. Morgan Davis reports.

  • By Morgan Davis
  • 09 May 2019

Hong Kong has named Crédit Agricole and HSBC as global co-ordinators and green structuring banks on its proposed 144A/Reg S transaction. The notes are expected to receive an AA+ rating from both S&P and Fitch, in line with the borrower’s Aa2/AA+/AA+ rating.

A roadshow kicks off on May ...

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Panda Bonds Top Arrangers

Rank Arranger Share % by Volume
1 Bank of China (BOC) 22.38
2 China Merchants Securities Co 18.86
3 Industrial and Commercial Bank of China (ICBC) 15.71
4 Agricultural Bank of China (ABC) 11.43
5 China Securities 9.52

Bookrunners of Asia-Pac (ex-Japan) ECM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 CITIC Securities 8,165.85 33 10.11%
2 Goldman Sachs 6,894.63 24 8.54%
3 Morgan Stanley 4,734.46 31 5.86%
4 China International Capital Corp Ltd 4,224.24 22 5.23%
5 UBS 3,959.24 24 4.90%

Bookrunners of Asia Pacific (ex-Japan) G3 DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 14,235.36 125 8.45%
2 Citi 9,957.75 76 5.91%
3 JPMorgan 9,599.33 61 5.70%
4 Credit Suisse 6,362.70 47 3.77%
5 Bank of America Merrill Lynch 6,190.73 49 3.67%

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