Shenzhen International’s bond debut pulls in $300m

Chinese government-owned Shenzhen International raised $300m from its first visit to the international bond market late last week. The company priced the April 2017 notes on April 12 at 360bp over Treasuries, the tight end of guidance that went as high as 365bp.

  • 19 Apr 2012

BOC International, DBS Bank, ING Bank, JP Morgan, Standard Chartered and UBS approached investors with whispers of around 375bp over Treasuries when the deal was announced on the morning of April 12, but ended up pricing the deal some 15bp inside that level the following day.

Bankers said the ...

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European Sovereign Bonds

Rank Lead Manager Amount €m No of issues Share %
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3 HSBC 10,438.07 12 9.31%
4 BNP Paribas 8,371.12 12 7.46%
5 Barclays 7,970.77 10 7.11%

Dollar Denominated SSA (Excl US Agency)

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4 HSBC 10,936.92 25 6.61%
5 Deutsche Bank 10,542.52 22 6.37%

Bookrunners of Euro Denominated SSA (Excl US Agency)

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4 BNP Paribas 18,161.36 34 6.78%
5 Barclays 17,423.19 37 6.50%

Bookrunners of Global SSA (Excl US Agency)

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4 Barclays 35,962.48 115 5.89%
5 Deutsche Bank 29,199.14 83 4.78%