Far East Horizon sells Rmb1.25bn offshore bond

Far East Horizon, the financial leasing unit of Sinochem Group, proved there is strong demand available even for some unrated credits in the dim sum bond market, when it sold a Rmb1.25bn ($192.5m) three year bond last week.

  • 30 May 2011
The unrated issue — which followed a roadshow earlier this month — priced at par with a 3.90% coupon, at the tight end of guidance of 3.9%-4%. The lead managers had approached investors with whispers of the 4% area on Wednesday, before coming out with official guidance in ...

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5 HSBC 11,205.29 61 5.42%

Bookrunners of European HY Bonds

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5 Credit Suisse 3,119.95 31 5.86%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
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5 Barclays 10,908.60 83 6.79%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
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1 HSBC 20,417.95 85 6.41%
2 BNP Paribas 19,882.59 80 6.25%
3 Barclays 18,647.73 58 5.86%
4 Deutsche Bank 17,562.97 71 5.52%
5 Citi 17,352.89 69 5.45%