• Jinmao pushes out to 10yr as investors hunt for yield

    A busy day for bond issuance from Chinese property companies offered investors a dash of variety, as investment grade rated China Jinmao Holdings Group vied for attention amid a slew of deals from high yield credits including Kaisa Group Holdings.

    • 10:15 AM
  • Adani raises $650m to fund tender offer

    India’s Adani Ports and Special Economic Zone has bagged $650m from 144A/Reg S bonds to fund a tender offer of notes due next year, pricing the new issuance at a competitive level.

    • 09:00 AM
  • NWD offers attractive terms for $950m bond deal

    Blue chip Hong Kong issuer New World Development Co has priced a 10 year bond worth $950m, after the leads decided to start bookbuilding at a generous level to build momentum.

    • 12 Jul 2019
  • LGFV bond falls through amid Tianjin debt woes

    Chinese local government financing vehicle (LGFV) Tianjin Binhai New Area Construction & Investment Group Co’s decision to postpone a planned three year bond has highlighted the debt crisis in the Tianjin area.

    • 12 Jul 2019
  • Chinese property issuers push out bond maturities as rates outlook clears up

    Chinese property developers have started opting for longer tenors on their dollar bonds, as investors eagerly take on duration risk. As the interest rate outlook becomes clearer, the trend is set to continue — but only for a select few. Addison Gong reports.

    • 11 Jul 2019
  • PLN rides on quasi-sovereign demand for $1.4bn bonds

    Indonesian state-owned Perusahaan Listrik Negara (PLN) sold $1.4bn of bonds this week, split equally between 10 year and 30 year tranches, pricing both slightly inside fair value.

    • 11 Jul 2019
  • ChemChina’s Bluestar returns with tight pricing

    China National Bluestar (Group) Co made a comeback to the offshore bond market on Tuesday, pricing a $700m deal inside fair value.

    • 10 Jul 2019
  • KoGas breaks new ground, sells 10yr sustainability notes

    Korea Gas Corp (KoGas) became the first South Korean corporate to sell 10 year sustainability bonds on Tuesday, raising $500m. The country’s issuers are leading the way across Asia in selling environmental, social and governance debt.

    • 10 Jul 2019
  • IG developers Shimao, Coli go long on dollar bonds

    Shimao Property Holdings and China Overseas Land and Investment took advantage of a strong market backdrop and renewed investor interest in duration to price seven and 10 year bonds, respectively.

    • 09 Jul 2019
  • Beijing Infra prices tight $200m deal

    Beijing Infrastructure Investment, a Chinese local government finance vehicle (LGFV), returned to the international bond market on Tuesday, raising $200m at a tight price.

    • 09 Jul 2019
  • Tongfang settles for $300m while Yuzhou, Guohui price

    Tsinghua Tongfang Co has priced a smaller $300m deal, as investors appeared cautious amid an ongoing share sale. Yuzhou Properties and Shandong Guohui Investment Co returned to the market and saw big order books, the latter fueled by lead manager interest.

    • 03 Jul 2019

Panda Bonds Top Arrangers

Rank Arranger Share % by Volume
1 Bank of China (BOC) 21.85
2 China Merchants Securities Co 14.67
3 Industrial and Commercial Bank of China (ICBC) 14.44
4 Agricultural Bank of China (ABC) 8.89
5 China Securities 7.41

Bookrunners of Asia-Pac (ex-Japan) ECM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 CITIC Securities 9,346.38 46 7.88%
2 Goldman Sachs 8,791.68 35 7.42%
3 Morgan Stanley 6,937.95 46 5.85%
4 China International Capital Corp Ltd 6,923.83 42 5.84%
5 UBS 6,281.96 46 5.30%

Bookrunners of Asia Pacific (ex-Japan) G3 DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 20,690.46 181 8.39%
2 Citi 15,145.16 114 6.14%
3 JPMorgan 12,957.39 88 5.25%
4 Standard Chartered Bank 10,112.16 101 4.10%
5 Bank of China 9,370.02 117 3.80%

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