Volatility strikes KEB Hana’s first G3 bond

KEB Hana Bank battled choppy markets with its first international outing after its merger. As volatility heightened during bookbuilding, the lender opted to scale back the size of the deal in exchange for tighter pricing.

  • By Narae Kim
  • 21 Jan 2016

The A1/A/A- rated lender was in no hurry to come to the bond market. Although it has $1.7bn of debt from four dollar bonds maturing this year, it is sitting on $5bn of cash.

But it still wanted to issue an international bond as it mostly remained on ...

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Panda Bonds Top Arrangers

Rank Arranger Share % by Volume
1 Bank of China (BOC) 21.17
2 China Merchants Securities Co 17.84
3 Industrial and Commercial Bank of China (ICBC) 14.86
4 Agricultural Bank of China (ABC) 10.81
5 China Securities 9.01

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  • Last updated
  • Today
1 CITIC Securities 8,165.85 33 9.72%
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4 UBS 4,491.81 28 5.35%
5 China International Capital Corp Ltd 4,340.56 23 5.17%

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Rank Lead Manager Amount $m No of issues Share %
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  • Today
1 HSBC 15,042.14 131 8.44%
2 Citi 10,101.99 81 5.67%
3 JPMorgan 9,703.04 62 5.44%
4 Credit Suisse 6,502.92 50 3.65%
5 Bank of America Merrill Lynch 6,256.12 50 3.51%

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