Caterpillar sells HK Rmb bond, China lines up

Building equipment company Caterpillar became the latest foreign company to sell Hong Kong renminbi bonds, raising Rmb1bn ($150.5m) this week only days after China’s ministry of finance announced a plan to return to the market.

  • 26 Nov 2010

Caterpillar’s deal is the latest sign of development in the frenetic offshore renminbi bond market, and makes it the second multinational corporation after McDonalds Corp to be allowed to issue in the market.

Sole arranger Goldman Sachs took funding officials from the country to meet investors in Hong Kong ...

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All Corporate Bonds

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1 Morgan Stanley 6,571.35 36 6.34%
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4 HSBC 5,212.98 36 5.03%
5 BNP Paribas 4,994.98 27 4.82%

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5 ING 1,477.05 5 6.13%

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Rank Lead Manager Amount €m No of issues Share %
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1 Goldman Sachs 553.99 4 8.96%
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5 JPMorgan 409.23 3 6.62%

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2 Citi 2,107.81 16 8.99%
3 Morgan Stanley 2,006.20 12 8.55%
4 Bank of America Merrill Lynch 1,559.21 15 6.65%
5 Deutsche Bank 1,550.60 9 6.61%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
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1 BNP Paribas 2,459.18 9 9.61%
2 UniCredit 1,892.23 6 7.39%
3 Bank of America Merrill Lynch 1,585.30 5 6.20%
4 Mitsubishi UFJ Financial Group 1,577.41 6 6.16%
5 ING 1,477.05 5 5.77%