Sino Biopharm nets €750m from debut CB

Sino Biopharmaceutical issued a zero coupon convertible bond on Wednesday, boosting the size to €750m as demand poured in from across Asia, Europe and the US, according to multiple sources close to the deal.

  • By Jonathan Breen
  • 23 Jan 2020
The issuance is Sino Biopharm’s first outing in the equity-linked market. The company opted for euros to achieve more attractive terms than it could in US dollars, according to bankers that worked on the trade. The company priced its debut with the highest ever conversion premium achieved by ...

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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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