Latest high grade news

  • Debut debt issuers find success in dollar market

    Three Asian issuers, China Fortune Land Development Co, Luso International Banking and Shandong Hi-Speed Group Co, sold their inaugural bonds on Thursday, taking home $1.15bn between them.

    • 15 Dec 2017
  • Chinese LGFVs grab combined $500m

    Chinese local government financing vehicles Huzhou City Investment Development Group Co and Urumqi Gaoxin Investment and Development Group Co brought home a combined $500m on Wednesday as issuers seal last-minute deals before the end of the year.

    • 14 Dec 2017
  • Bond market liquidity starts drying up

    Three Chinese issuers hit the market on Tuesday with dollar deals, but each saw a very different outcome. One company sealed a successful trade, another locked up a private placement style bond, while the third was forced to pull its transaction.

    • 13 Dec 2017
  • Chinese LGFVs on the hunt for dollars

    Chinese local government financing vehicles (LGFV) Huzhou City Investment Development Group Co and Urumqi Gaoxin Investment and Development Group Co hit the market with dollar deals on Wednesday.

    • 13 Dec 2017
  • 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.

    • 12 Dec 2017
  • 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.

    • 12 Dec 2017
  • 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

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 16,398.71 87 6.20%
2 UBS 14,468.05 89 5.47%
3 Morgan Stanley 12,696.27 63 4.80%
4 Goldman Sachs 11,964.67 61 4.53%
5 China International Capital Corp Ltd 11,605.84 57 4.39%

Bookrunners of Asia Pacific (ex-Japan) G3 DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 35,355.30 248 7.98%
2 Citi 34,469.67 197 7.78%
3 JPMorgan 26,213.80 145 5.92%
4 Bank of America Merrill Lynch 21,812.93 113 4.92%
5 Standard Chartered Bank 18,550.38 140 4.19%

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