Hong Kong Broadband weathers HY weakness

Hong Kong Broadband Network made its debut in the dollar bond market at the end of last week, launching an unrated $450m Reg S deal that held up well in secondary trading despite a recent softening in the high yield market.

  • 18 Jan 2013

The company’s bookrunners priced a 5.25% five year non-call two deal on January 11, taking advantage of strong name recognition among investors in Hong Kong, where the company is one of the biggest broadband providers.

The borrower received strong feedback on a three day roadshow in Hong Kong, Singapore ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.

All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 43,390.54 209 5.56%
2 Citi 41,929.67 199 5.37%
3 Bank of America Merrill Lynch 39,821.96 195 5.10%
4 Barclays 36,376.87 154 4.66%
5 Deutsche Bank 30,984.58 149 3.97%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Barclays 12,052.82 29 9.34%
2 SG Corporate & Investment Banking 9,231.34 34 7.15%
3 Deutsche Bank 8,910.77 40 6.91%
4 Bank of America Merrill Lynch 8,791.13 27 6.81%
5 BNP Paribas 8,096.49 41 6.27%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 1,571.85 12 9.06%
2 Deutsche Bank 1,337.93 10 7.71%
3 BNP Paribas 1,305.75 15 7.53%
4 Goldman Sachs 1,225.64 11 7.07%
5 Citi 1,208.83 11 6.97%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 9,456.80 70 10.37%
2 Citi 9,049.24 65 9.92%
3 Bank of America Merrill Lynch 6,185.97 48 6.78%
4 Goldman Sachs 5,900.77 43 6.47%
5 Morgan Stanley 5,519.31 37 6.05%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 SG Corporate & Investment Banking 8,582.70 34 5.52%
2 Citi 8,108.21 29 5.21%
3 Barclays 7,869.78 33 5.06%
4 BNP Paribas 7,662.88 39 4.93%
5 Credit Agricole CIB 7,416.07 38 4.77%