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ABC HK pushes inside Chinese big four FRN curve

Agricultural Bank of China’s Hong Kong branch raised $1bn from a single tranche floating rate note on Tuesday, pricing the deal tighter than its large Chinese state-owned banking peers.

  • By Addison Gong
  • 24 Jul 2019

The initial price guidance for the three year was announced at 95bp area over three month Libor by ABC Hong Kong branch, ABC International, Bank of China, Bank of Communications, China Construction Bank (Asia), HSBC and Mizuho on Tuesday morning Asia time.

The leads tightened guidance to ...

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Panda Bonds Top Arrangers

Rank Arranger Share % by Volume
Excludes PPs. Click for full table
1 Bank of China (BOC) 18.86
2 Industrial and Commercial Bank of China (ICBC) 14.39
3 China Merchants Bank Co 14.21
4 China Merchants Securities Co 8.85
5 Agricultural Bank of China (ABC) 5.90

Bookrunners of Asia-Pac (ex-Japan) ECM

Rank Lead Manager Amount $bn No of issues Share %
View full table
For detailed analysis: Dealogic
  • Last updated
  • Today
1 China International Capital Corp Ltd 4.57 23 12.72%
2 China Securities Co Ltd 3.53 7 9.82%
3 Morgan Stanley 3.39 11 9.42%
4 CITIC Securities 3.29 11 9.16%
5 Goldman Sachs 1.70 13 4.74%

Bookrunners of Asia Pacific (ex-Japan) G3 DCM

Rank Lead Manager Amount $bn No of issues Share %
View full table
For detailed analysis: Dealogic
  • Last updated
  • Today
1 Citi 7.00 39 7.60%
2 HSBC 5.95 51 6.46%
3 UBS 4.47 29 4.85%
4 BofA Securities 4.36 17 4.73%
5 JPMorgan 4.28 28 4.65%

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