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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 14.44
2 Industrial and Commercial Bank of China (ICBC) 11.65
3 Bank of China (BOC) 10.33
4 CITIC Securities 8.41
5 Agricultural Bank of China (ABC) 7.17

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 1,472.64 4 9.29%
2 CITIC Securities 1,389.13 8 8.76%
3 China International Capital Corp Ltd 1,340.29 6 8.45%
4 UBS 1,119.14 7 7.06%
5 Morgan Stanley 1,105.27 8 6.97%

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
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1 HSBC 5,431.62 41 10.50%
2 JPMorgan 3,619.90 21 7.00%
3 Citi 3,555.05 26 6.88%
4 UBS 2,356.80 22 4.56%
5 Deutsche Bank 2,285.67 18 4.42%

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