Korea sidelines China bonds as investors chase SKI

Chinese borrowers have accounted for nearly 50% of total bond issuance volumes in Asia ex Japan in the first half of this year, but the search for more transparent credits that have stabilised in secondary trading is pushing cautious investors to dig into their wallets for Korean bonds.

  • By Frances J. Yoon
  • 09 Aug 2013
The very big order books that supported the last two Korean deals underscore the increased attention that the jurisdiction is receiving from global investors. State-owned Korea Gas Corporation (KoGas) received $6bn of orders for its $500m five year bond on July 22, the largest order book for a ...

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All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Bank of America Merrill Lynch 127,517.35 541 5.90%
2 JPMorgan 126,998.43 554 5.88%
3 Citi 102,522.76 538 4.75%
4 Barclays 84,276.72 344 3.90%
5 Goldman Sachs 83,509.37 327 3.87%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 28,066.59 123 8.86%
2 Deutsche Bank 22,255.37 84 7.03%
3 SG Corporate & Investment Banking 20,558.20 98 6.49%
4 UniCredit 17,012.87 79 5.37%
5 HSBC 16,282.49 91 5.14%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 Goldman Sachs 5,527.11 43 7.79%
2 BNP Paribas 4,918.81 57 6.94%
3 Deutsche Bank 4,372.15 44 6.17%
4 JPMorgan 4,226.28 46 5.96%
5 Credit Suisse 3,757.05 40 5.30%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 19,901.51 153 10.02%
2 Goldman Sachs 14,830.49 106 7.47%
3 Credit Suisse 13,745.94 98 6.92%
4 Bank of America Merrill Lynch 13,267.41 122 6.68%
5 Morgan Stanley 12,977.13 92 6.53%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 27,454.25 115 5.77%
2 BNP Paribas 27,238.89 117 5.72%
3 JPMorgan 26,285.83 90 5.52%
4 Barclays 26,233.60 92 5.51%
5 Deutsche Bank 24,766.67 100 5.20%