Peking Founder defaults onshore amid recent sell-offs

Peking University Founder Group Co failed to repay a Rmb2bn ($284m) onshore bond on Monday, as worries about its mounting debt continue to put pressure on its dollar bonds.

  • By Addison Gong
  • 03 Dec 2019
Prices on the Chinese company’s $2.95bn of dollar bonds have plummeted in the secondary market. Its longest bond, a $400m 5.35% 2023 deal, dipped by over 10 points to below 50 cents on the dollar on Monday afternoon. Sold as part of a dual-tranche transaction in January ...

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Panda Bonds Top Arrangers

Rank Arranger Share % by Volume
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 %
  • Last updated
  • Today
1 China International Capital Corp Ltd 3.40 16 14.03%
2 China Securities Co Ltd 3.30 5 13.61%
3 Morgan Stanley 2.74 8 11.29%
4 CITIC Securities 1.95 6 8.04%
5 Citi 1.49 9 6.13%

Bookrunners of Asia Pacific (ex-Japan) G3 DCM

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 Citi 5.04 24 8.43%
2 HSBC 4.17 35 6.98%
3 UBS 3.58 19 5.99%
4 BofA Securities 3.53 11 5.91%
5 Credit Suisse 3.37 24 5.64%

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