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Shandong duo slump in secondary on refi risks

Shandong Ruyi Technology Group Co and Shandong Yuhuang Chemical Co saw their respective dollar bonds plummet in the secondary market, as concerns rose on their debt repayment abilities.

  • By Addison Gong
  • 22 Nov 2019
Ruyi’s outstanding $300m 6.95% July 2022 bond dropped by nearly 12 points on Thursday to about 52 cents on the dollar, while its $345m 7.5% 2019 notes, due on December 19, also saw a double-digit slide to the high 70s, according to bankers. The 2019s were ...

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Panda Bonds Top Arrangers

Rank Arranger Share % by Volume
Excludes PPs. Click for full table
1 Bank of China (BOC) 24.90
2 Industrial and Commercial Bank of China (ICBC) 13.32
3 China Merchants Bank Co 13.15
4 China Merchants Securities Co 8.19
5 Agricultural Bank of China (ABC) 5.46

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For detailed analysis: Dealogic
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1 China International Capital Corp Ltd 16.38 75 7.14%
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3 Goldman Sachs 15.27 68 6.66%
4 UBS 14.08 98 6.14%
5 Morgan Stanley 13.36 68 5.82%

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For detailed analysis: Dealogic
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1 HSBC 34.72 303 8.35%
2 Citi 26.30 185 6.33%
3 Standard Chartered Bank 18.84 189 4.53%
4 JPMorgan 18.77 139 4.51%
5 Bank of America Merrill Lynch 16.13 116 3.88%

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