Yieh Phui dim sum undershoots expectations

Steelmaker Yieh Phui Enterprises raised Rmb275m ($43.3m) from its first foray into the offshore renminbi bond market, but despite scarce supply from Taiwanese issuers in the market the company raises less than many bankers and investors had expected.

  • 05 Jul 2012

Sole bookrunner BNP Paribas priced the two year deal at the end of last week. The bank pitched the deal at the 4.5% area on Wednesday, and priced the deal exactly in line that guidance on Friday.

But the Rmb275m size was less than the Rmb300m-Rmb500m that rival ...

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All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
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  • Today
1 JPMorgan 173,957.50 760 7.17%
2 Bank of America Merrill Lynch 154,418.14 713 6.36%
3 Citi 136,997.26 734 5.65%
4 Goldman Sachs 109,713.42 475 4.52%
5 Barclays 106,206.79 488 4.38%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
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1 BNP Paribas 29,965.54 145 8.65%
2 Barclays 25,510.29 106 7.36%
3 Deutsche Bank 24,247.02 105 7.00%
4 SG Corporate & Investment Banking 21,192.48 112 6.12%
5 HSBC 19,467.45 94 5.62%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 8,469.76 69 4.02%
2 Goldman Sachs 7,816.84 63 3.71%
3 Credit Suisse 6,908.88 70 3.28%
4 Deutsche Bank 6,384.59 62 3.03%
5 BNP Paribas 5,941.97 66 2.82%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 37,132.38 289 10.79%
2 Citi 28,905.88 231 8.40%
3 Bank of America Merrill Lynch 28,820.93 250 8.37%
4 Goldman Sachs 24,953.24 183 7.25%
5 Barclays 23,023.01 153 6.69%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Barclays 28,102.94 134 6.35%
2 Deutsche Bank 28,087.32 104 6.34%
3 BNP Paribas 27,948.80 144 6.31%
4 HSBC 25,944.81 127 5.86%
5 Citi 23,312.66 103 5.26%