Country Garden fuels bond talk after Asia debt meetings

Country Garden, the Hong Kong-listed Chinese property developer, met Asian debt investors this week, fuelling speculation that it is planning a second attempt at a debut in the high-yield bond market.

  • 27 Aug 2009

Bankers from JPMorgan travelled with Country Garden officials to meet investors in Hong Kong on Wednesday and Singapore on Thursday. The meetings were officially an investor update, following Country Garden’s Rmb1.8bn ($263m) profit announcement on Tuesday, but talk also turned to the possibility of a dollar bond issue.

Estella ...

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All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
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1 JPMorgan 68,488.05 352 5.50%
2 Citi 64,744.45 338 5.20%
3 Bank of America Merrill Lynch 64,021.12 331 5.14%
4 Barclays 57,015.32 244 4.58%
5 Goldman Sachs 47,925.87 232 3.85%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
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1 Barclays 19,022.43 47 8.98%
2 BNP Paribas 13,420.10 80 6.34%
3 Bank of America Merrill Lynch 13,406.08 40 6.33%
4 SG Corporate & Investment Banking 13,362.93 55 6.31%
5 Deutsche Bank 12,112.01 61 5.72%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
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1 Deutsche Bank 2,970.40 18 7.84%
2 Citi 2,783.23 20 7.35%
3 BNP Paribas 2,674.33 25 7.06%
4 JPMorgan 2,522.43 19 6.66%
5 Goldman Sachs 2,198.98 18 5.81%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
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  • Today
1 JPMorgan 15,420.99 125 10.06%
2 Citi 13,883.41 115 9.06%
3 Bank of America Merrill Lynch 11,558.58 98 7.54%
4 Goldman Sachs 11,257.39 86 7.34%
5 Morgan Stanley 8,872.63 68 5.79%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 12,877.55 76 5.44%
2 SG Corporate & Investment Banking 12,737.36 56 5.38%
3 Citi 12,116.90 53 5.12%
4 Barclays 11,319.02 49 4.78%
5 HSBC 10,905.26 70 4.61%