Chinese borrowers keep market momentum moving

Chinese issuers kept up their bond issuances on Wednesday, despite having to contend with the backdrop of the US-China trade war. Three borrowers raised a combined $840m, proving that investors are still buying a range of credits.

  • By Morgan Davis
  • 16 May 2019
Wednesday’s primary dollar bond market welcomed a Chinese high yield property trade, in addition to bonds from two Chinese local government financing vehicles (LGVFs) and an outing from the Export-Import Bank of Thailand. Bankers say that deals are still coming, although the market is muted thanks to the ...

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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 10.15%
2 Goldman Sachs 6,894.63 24 8.57%
3 Morgan Stanley 4,734.46 31 5.88%
4 China International Capital Corp Ltd 4,224.24 22 5.25%
5 UBS 3,959.24 24 4.92%

Bookrunners of Asia Pacific (ex-Japan) G3 DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 14,115.36 124 8.40%
2 Citi 9,957.75 76 5.93%
3 JPMorgan 9,599.33 61 5.72%
4 Credit Suisse 6,362.70 47 3.79%
5 Bank of America Merrill Lynch 6,190.73 49 3.69%

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