Kexim dual lists renminbi dual trancher

Export Import Bank of Korea sold its first public renminbi transaction since 2012 late last week, launching a Rmb1bn ($164m) dual tranche bond split evenly between five and 10 year tranches. The issuer also took the unusual approach of listing the tranches on different stock exchanges — becoming the first to do so — selling the 10year bond in Taiwan and the five year in Singapore.

  • By Steven Gilmore
  • 24 Jan 2014

Sole lead HSBC priced the five year bond, listed on the Singapore Exchange, at par to yield 3.625% on January 16. It priced the 10 year bond at par to yield 4.5% and this bond is listed on Taiwan’s GreTai Securities Market.

Offshore renminbi bonds listed in Taiwan are called ...

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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 13.84%
2 China Securities Co Ltd 3.53 7 10.68%
3 Morgan Stanley 3.39 11 10.25%
4 CITIC Securities 3.29 11 9.96%
5 Citi 1.66 11 5.01%

Bookrunners of Asia Pacific (ex-Japan) G3 DCM

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 Citi 6.48 35 8.10%
2 HSBC 5.41 43 6.76%
3 BofA Securities 4.13 14 5.15%
4 UBS 3.94 22 4.92%
5 JPMorgan 3.90 24 4.87%

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