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) 27.09
2 Industrial and Commercial Bank of China (ICBC) 12.86
3 China Merchants Bank Co 11.85
4 China Merchants Securities Co 9.09
5 Agricultural Bank of China (ABC) 5.51

Bookrunners of Asia-Pac (ex-Japan) ECM

Rank Lead Manager Amount $b No of issues Share %
  • Last updated
  • Today
1 Goldman Sachs 12.42 54 7.42%
2 CITIC Securities 11.29 65 6.74%
3 UBS 10.21 74 6.10%
4 China International Capital Corp Ltd 9.73 57 5.81%
5 Morgan Stanley 9.43 59 5.63%

Bookrunners of Asia Pacific (ex-Japan) G3 DCM

Rank Lead Manager Amount $b No of issues Share %
  • Last updated
  • Today
1 HSBC 29.40 258 8.35%
2 Citi 23.83 167 6.77%
3 JPMorgan 16.38 120 4.66%
4 Standard Chartered Bank 16.35 164 4.65%
5 Bank of America Merrill Lynch 12.50 94 3.55%

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