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ICBC International makes first foray under new MTN programme

ICBC International Holdings has announced the first offering under its new $1.2bn MTN programme.

  • By Isabella Zhong
  • 25 Feb 2014

The issuer is looking to raise a minimum of $300m for the fixed rate Reg S deal and is offering price guidance T+180bp, according a banker. 

The bonds, which will be issued by ICBC International’s wholly owned subsidiary Horsepower Finance, are unconditionally guaranteed by the Hong Kong branch of ICBC China.

Although ...

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Panda Bonds Top Arrangers

Rank Arranger Share % by Volume
Excludes PPs. Click for full table
1 China Merchants Securities Co 16.70
2 Industrial and Commercial Bank of China (ICBC) 14.38
3 CITIC Securities 10.44
4 Agricultural Bank of China (ABC) 9.08
5 China CITIC Bank Corp 8.17

Bookrunners of Asia-Pac (ex-Japan) ECM

Rank Lead Manager Amount $m No of issues Share %
View full table
For detailed analysis: Dealogic
  • Last updated
  • Today
1 Goldman Sachs 16,522.26 78 7.61%
2 Morgan Stanley 14,119.84 65 6.50%
3 Citi 14,051.62 90 6.47%
4 UBS 12,377.19 76 5.70%
5 China International Capital Corp Ltd 10,849.77 43 5.00%

Bookrunners of Asia Pacific (ex-Japan) G3 DCM

Rank Lead Manager Amount $m No of issues Share %
View full table
For detailed analysis: Dealogic
  • Last updated
  • Today
1 HSBC 22,167.26 190 7.53%
2 Citi 21,542.45 144 7.32%
3 JPMorgan 14,738.77 90 5.01%
4 Bank of America Merrill Lynch 12,958.17 82 4.40%
5 Goldman Sachs 11,768.61 57 4.00%

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