Investors eat up latest from PNB

Investors swarmed Philippine National Bank’s (PNB) $750m bond sale, as they sought out diversity in a market overrun with Chinese paper.

  • By Morgan Davis
  • 21 Jun 2019

The Baa2/—/BB+ rated issuer announced last week that it would be returning to the market, after last selling a $300m five year note in April 2018. The bank had previously been out of the dollar market since the 1990s.

PNB was ready to extend its dollar ...

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Panda Bonds Top Arrangers

Rank Arranger Share % by Volume
1 Bank of China (BOC) 23.56
2 Industrial and Commercial Bank of China (ICBC) 16.09
3 China Merchants Securities Co 11.38
4 Agricultural Bank of China (ABC) 6.90
5 HSBC 5.75

Bookrunners of Asia-Pac (ex-Japan) ECM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Goldman Sachs 11,530.84 52 7.12%
2 CITIC Securities 10,978.48 61 6.78%
3 Morgan Stanley 9,397.60 58 5.80%
4 China International Capital Corp Ltd 9,334.63 55 5.76%
5 UBS 9,293.57 70 5.74%

Bookrunners of Asia Pacific (ex-Japan) G3 DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 28,914.05 253 8.42%
2 Citi 23,343.45 161 6.80%
3 JPMorgan 16,145.00 117 4.70%
4 Standard Chartered Bank 15,766.62 158 4.59%
5 Bank of America Merrill Lynch 12,496.06 94 3.64%

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