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Chinese property developers snag bonds

Two Chinese property companies raised a combined $485m at the end of last week ahead of the holiday weekend in Hong Kong.

  • By Addison Gong, Morgan Davis
  • 10 Jun 2019


Ba2/BB rated developer Gemdale Corp bagged $250m from a three year bond last Thursday, pricing the deal at 5.6%. 

Global co-ordintors BOSC International, China International Capital Corp and DBS released the initial guidance at the 6% area in the morning Asia time, and told the market ...

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Panda Bonds Top Arrangers

Rank Arranger Share % by Volume
Excludes PPs. Click for full table
1 Bank of China (BOC) 23.98
2 China Merchants Securities Co 16.10
3 Industrial and Commercial Bank of China (ICBC) 13.41
4 Agricultural Bank of China (ABC) 9.76
5 China Securities 8.13

Bookrunners of Asia-Pac (ex-Japan) ECM

Rank Lead Manager Amount $m No of issues Share %
View full table
For detailed analysis: Dealogic
  • Last updated
  • Today
1 CITIC Securities 8,322.47 36 8.67%
2 Goldman Sachs 7,626.77 29 7.95%
3 China International Capital Corp Ltd 5,848.43 34 6.09%
4 Morgan Stanley 5,453.25 37 5.68%
5 UBS 5,301.00 38 5.52%

Bookrunners of Asia Pacific (ex-Japan) G3 DCM

Rank Lead Manager Amount $m No of issues Share %
View full table
For detailed analysis: Dealogic
  • Last updated
  • Today
1 HSBC 16,535.56 146 8.20%
2 Citi 11,568.29 94 5.73%
3 JPMorgan 11,150.73 75 5.53%
4 Standard Chartered Bank 7,774.81 79 3.85%
5 Bank of America Merrill Lynch 7,143.11 58 3.54%

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