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Shandong Ruyi bond surges as maturity looms

Shandong Ruyi Technology Group Co’s outstanding $345m bond, which is only two months from maturity, jumped by over 10 points in the secondary market last week. The move was a response to the company's attempts to improve its liquidity position, including through the announcement of a tie-up with a government-owned entity.

  • By Addison Gong
  • 21 Oct 2019
The $345m 7.5% December 2019 bond had been trading at around 80 cents on the dollar in recent weeks, but rumours last week that the company would have enough funds to pay off the bond on December 19 saw the price climb to 88 by Thursday from 82 ...

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Panda Bonds Top Arrangers

Rank Arranger Share % by Volume
Excludes PPs. Click for full table
1 Bank of China (BOC) 27.09
2 Industrial and Commercial Bank of China (ICBC) 12.86
3 China Merchants Bank Co 11.85
4 China Merchants Securities Co 9.09
5 Agricultural Bank of China (ABC) 5.51

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1 CITIC Securities 15.74 76 7.82%
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3 China International Capital Corp Ltd 14.21 72 7.06%
4 UBS 12.49 88 6.21%
5 Morgan Stanley 11.11 66 5.52%

Bookrunners of Asia Pacific (ex-Japan) G3 DCM

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1 HSBC 32.10 284 8.22%
2 Citi 25.59 178 6.55%
3 Standard Chartered Bank 18.08 182 4.63%
4 JPMorgan 18.02 132 4.62%
5 Bank of America Merrill Lynch 15.02 111 3.85%

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