Latest high grade news

  • REC prices rare Indian three year bullet

    India’s Rural Electrification Corp raised $400m from a three year bullet on Monday, opting for an unusual tenor for a credit from the country, but still finding more than enough support for its deal.

    • 09:45 AM
  • Chinese issuers continue rushing to the market

    Three Chinese issuers hit the debt market on Tuesday, launching dollar deals. While the pace of new issuance is beginning to slow down, there appears to be no end in sight for the primary bond market.

    • 07:45 AM
  • REC jump starts week with dollar bond

    India’s Rural Electrification Corp kicked off the week by launching a three year dollar bond on Monday morning local time.

    • 11 Dec 2017
  • Wuhan, Hefei continue Chinese LGFV bond onslaught

    Wuhan State-Owned Asset Management Company (WSAM) and Hefei Industry Investment Holding (Group) Co added to the recent issuance momentum from Chinese local government financing vehicles, with each printing $300m bonds on Thursday.

    • 08 Dec 2017
  • Chengdu LGFV, Qinghai Provincial’s subsidiary target different audiences

    Two Chinese government-owned entities, Chengdu Communications Investment Group Corp and Qinghai Province General Aviation Group Co, priced their dollar bonds on Wednesday, but opted for very different tenors — the former a 10 year and the latter 363 days.

    • 07 Dec 2017
  • Chinese corporates battle it out in DCM

    Four Chinese corporate issuers Wanda Holding Group Co, Shandong Iron & Steel Group Co, Hefei Industry Investment Holding (Group) Co and Wuhan State-Owned Asset Management Company are fighting for investors’ attention on a busy Thursday in the primary bond market.

    • 07 Dec 2017
  • Indonesia’s Paiton pushes out debt maturity with tap

    Indonesian power producer Paiton Energy sweetened the dual-tranche bond and loan combo it sold in August by adding a $100m tap to the bonds this week, extending its debt maturity profile.

    • 07 Dec 2017
  • Conson capitalises on buy-side familiarity with Qingdao

    Qingdao Conson Development (Group) Co priced its $400m international debut on Tuesday, paying what bankers considered a reasonable new issue premium against a volatile market backdrop, as the issuer took advantage of investors’ familiarity with Qingdao city.

    • 06 Dec 2017
  • Investors jump on board Indian Railway’s green bond

    Indian Railway Finance Corp (IRFC) made a rare appearance in the dollar bond market on Tuesday, and its first green issue appealed to international investors.

    • 06 Dec 2017
  • More Chinese LGFVs explore offshore bonds

    It’s a week for issuance from Chinese local government financing vehicles (LGFV), with two firms hitting the market on Wednesday and a third company meeting fixed income accounts in Hong Kong.

    • 06 Dec 2017

High grade news archive

Panda Bonds Top Arrangers

Rank Arranger Share % by Volume
1 Bank of China (BOC) 28.62
2 CITIC Securities 21.06
3 China CITIC Bank Corp 9.72
4 China Merchants Bank Co 9.18
5 Industrial and Commercial Bank of China (ICBC) 7.56

Bookrunners of Asia-Pac (ex-Japan) ECM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 CITIC Securities 16,270.37 85 6.32%
2 UBS 14,128.60 88 5.49%
3 Goldman Sachs 11,744.37 58 4.56%
4 China International Capital Corp Ltd 11,422.00 55 4.44%
5 Morgan Stanley 10,900.56 58 4.23%

Bookrunners of Asia Pacific (ex-Japan) G3 DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 35,178.30 245 8.08%
2 Citi 34,267.00 196 7.87%
3 JPMorgan 26,001.66 142 5.97%
4 Bank of America Merrill Lynch 21,496.54 111 4.93%
5 Standard Chartered Bank 19,923.39 139 4.57%

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