Lai Sun rewarded after delaying bond debut

Lai Sun Development launched a long-awaited dollar debut last week, having decided to hold off on execution at the end of the last year. It was second unrated property name to price in dollars this year, after CSI Properties. But Lai Sun’s well received five year deal performed on Friday despite a softer tone, while CSI slumped badly in secondary trading.

  • 14 Jan 2013
Lai Sun met investors last November and had considered selling its debut deal in 2012. But worries over the US fiscal position led to softening sentiment and a hiatus in the procession of high yield transactions. That same month Far East Consortium International had to cancel a ...

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All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 121,520.09 531 6.02%
2 Bank of America Merrill Lynch 120,082.12 506 5.95%
3 Citi 97,477.74 509 4.83%
4 Barclays 82,683.05 332 4.09%
5 Goldman Sachs 81,894.66 314 4.06%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
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  • Today
1 BNP Paribas 27,590.77 120 8.95%
2 Deutsche Bank 21,930.45 80 7.11%
3 SG Corporate & Investment Banking 19,469.33 94 6.31%
4 HSBC 17,074.35 90 5.54%
5 UniCredit 16,300.95 75 5.29%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 Goldman Sachs 5,404.19 42 7.76%
2 BNP Paribas 4,918.81 57 7.06%
3 Deutsche Bank 4,345.09 43 6.24%
4 JPMorgan 3,950.54 44 5.67%
5 Credit Suisse 3,757.05 40 5.39%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 20,123.74 153 10.16%
2 Goldman Sachs 15,830.49 107 7.99%
3 Credit Suisse 13,629.27 97 6.88%
4 Bank of America Merrill Lynch 13,267.41 122 6.70%
5 Citi 13,132.03 109 6.63%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 28,248.54 116 6.15%
2 BNP Paribas 26,642.60 114 5.80%
3 Barclays 25,943.52 91 5.65%
4 JPMorgan 25,634.91 84 5.58%
5 Deutsche Bank 24,198.66 96 5.27%