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Kaisa bonds jump as China vows to put Shenzhen in elite 'forest'

The price of real estate developer Kaisa Group Holdings' dollar bonds climbed after China announced a detailed plan over the weekend to develop the company's hometown, Shenzhen.

  • By Addison Gong
  • 20 Aug 2019

A 19-point plan from the State Council for the city’s transformation was published on Sunday evening on the website of state media Xinhua News Agency.

The news gave a boost to the secondary spreads of Shenzhen-based Chinese property developers including Hong Kong-listed Kaisa, rated B1/B/B. Kaisa’s outstanding dollar ...

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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 12.70%
2 China Securities Co Ltd 3.53 7 9.80%
3 Morgan Stanley 3.39 11 9.41%
4 CITIC Securities 3.29 11 9.14%
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 7.04 40 7.50%
2 HSBC 6.16 53 6.56%
3 UBS 4.68 31 4.98%
4 JPMorgan 4.49 30 4.78%
5 BofA Securities 4.36 17 4.64%

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