Trade war worries can’t keep SDIC at bay

China’s State Development and Investment Corp (SDIC) launched a $1bn transaction on Tuesday, split between a green bond and a conventional bond. Investors shook off trade war worries to swarm both portions of the deal with orders.

  • By Morgan Davis
  • 15 May 2019

When SDIC hit the market on Tuesday, ready to launch its dual tranche bond deal following a roadshow the previous week, the backdrop looked soft. The latest US-China trade war drama has shaken markets and left some investors scurrying for cover.

But global co-ordinators Bank of China, DBS, HSBC ...

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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
  • 16 Jul 2019
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 20,690.46 181 8.39%
2 Citi 15,145.16 114 6.14%
3 JPMorgan 12,957.39 88 5.25%
4 Standard Chartered Bank 10,112.16 101 4.10%
5 Bank of China 9,370.02 117 3.80%

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