Europe embraces Fosun's high yield euro bonds

Chinese conglomerate Fosun International turned to Europe for its fundraising efforts this week, enticing investors to a €400m high yield rated bond.

  • By Morgan Davis
  • 31 Oct 2019
While Fosun has raised euros through private placements before, Wednesday's deal was its first public offering in the currency. It was also unusual, given Fosun’s Ba2 rating with Moody's and BB from S&P, as typically investment grade rated names from China tap the euro market, selling their bonds ...

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Panda Bonds Top Arrangers

Rank Arranger Share % by Volume
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

Bookrunners of Asia-Pac (ex-Japan) ECM

Rank Lead Manager Amount $b No of issues Share %
  • Last updated
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1 China International Capital Corp Ltd 15.81 73 7.34%
2 CITIC Securities 15.74 76 7.30%
3 Goldman Sachs 14.71 61 6.83%
4 UBS 13.28 92 6.16%
5 Morgan Stanley 12.71 67 5.90%

Bookrunners of Asia Pacific (ex-Japan) G3 DCM

Rank Lead Manager Amount $b No of issues Share %
  • Last updated
  • Today
1 HSBC 32.56 289 8.26%
2 Citi 25.59 178 6.49%
3 JPMorgan 18.24 136 4.63%
4 Standard Chartered Bank 18.16 184 4.61%
5 Bank of America Merrill Lynch 15.32 112 3.89%

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