BSD rides market wave for dollar trade

Real estate company Bumi Serpong Damai (BSD) followed the recent success of other high yield Indonesian borrowers in the dollar market on January 20, homing in on a refinancing opportunity that had slipped through its fingers in 2019.

  • By Morgan Davis
  • 21 Jan 2020
The Ba3/—/BB- rated borrower rushed into the market on the morning of January 20, foregoing any pre-marketing exercises but instead opting for one investor call soon after the market opened. The company wanted to take advantage of the favourable backdrop, which has seen other high yield Indonesian issuers, ...

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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 4.57 23 12.74%
2 China Securities Co Ltd 3.53 7 9.84%
3 Morgan Stanley 3.39 11 9.44%
4 CITIC Securities 3.29 11 9.18%
5 Goldman Sachs 1.70 13 4.75%

Bookrunners of Asia Pacific (ex-Japan) G3 DCM

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 Citi 7.00 39 7.75%
2 HSBC 5.95 51 6.59%
3 UBS 4.45 28 4.93%
4 BofA Securities 4.36 17 4.82%
5 JPMorgan 4.08 27 4.52%

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