Chinese HY duo snaps up taps despite volatile market

Shandong-based coal miner Yankuang Group Co was able to price a $500m tap almost 30bp inside where the existing notes were trading on Thursday, while E-House (China) Enterprise Holdings, a real estate services firm, also added $100m to an outstanding bond.

  • By Addison Gong
  • 10 May 2019

Bookbuilding for Yankuang's tap began in the morning Asia time with pricing in the 5.8% area, after a roadshow covering Hong Kong and Singapore earlier this week. 

CCB International, CEB International, China Citic Bank International, China International Capital Corp, Goldman Sachs and Guotai Junan International were the global co-ordinators.

...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.

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 9,346.38 46 7.94%
2 Goldman Sachs 8,791.68 35 7.47%
3 Morgan Stanley 6,937.95 46 5.90%
4 China International Capital Corp Ltd 6,923.83 42 5.89%
5 UBS 6,281.96 46 5.34%

Bookrunners of Asia Pacific (ex-Japan) G3 DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 20,431.60 178 8.34%
2 Citi 15,045.64 113 6.14%
3 JPMorgan 12,957.39 88 5.29%
4 Standard Chartered Bank 10,012.82 100 4.09%
5 Bank of China 9,332.67 116 3.81%

Asian polls & awards