• Huangshan Tourism rides on SBLC for euro debut

    Huangshan Tourism Group Co opted for euros for its maiden offshore bond. The €230m transaction benefited from a standby letter of credit from Bank of China’s Anhui branch, as well as strong bookrunner support.

    • 26 Aug 2020
  • Shandong Guohui relies on bank support for tight bond

    Shandong Guohui Investment Co relied heavily on its 20-strong syndicate group to seal a tightly priced $400m bond.

    • 25 Aug 2020
  • Fantasia reopens 2022 bond for $200m return

    Chinese property developer Fantasia Holdings Group Co reopened a bond initially sold three years ago in a bid to lower its funding costs, taking $200m from the tap.

    • 12 Aug 2020
  • Redco returns with 364-day bond

    Redco Properties Group returned to the dollar market with a sub-one year bond on Tuesday, two weeks after using up its offshore issuance quota.

    • 12 Aug 2020
  • China property issuers storm dollar market

    Chinese real estate borrowers swarmed the international bond market on Wednesday, raising a combined $1.05bn across four transactions.

    • 06 Aug 2020
  • Powerlong offers negative premium on bond return

    Powerlong Real Estate Holdings received huge support from investors for its $200m bond on Monday. The deal’s modest size and expectations of limited imminent supply from Chinese property credits helped the firm get away with a negative new issue premium of about 10bp.

    • 04 Aug 2020

Panda Bonds Top Arrangers

Rank Arranger Share % by Volume
1 Bank of China (BOC) 17.75
2 Industrial and Commercial Bank of China (ICBC) 14.95
3 China Merchants Bank Co 11.64
4 Agricultural Bank of China (ABC) 10.50
5 China Construction Bank (CCB) 9.48

Bookrunners of Asia-Pac (ex-Japan) ECM

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 Morgan Stanley 22.44 89 7.39%
2 CITIC Securities 19.78 121 6.52%
3 China International Capital Corp Ltd 19.76 95 6.51%
4 Goldman Sachs 17.76 107 5.85%
5 China Securities Co Ltd 15.52 60 5.11%

Bookrunners of Asia Pacific (ex-Japan) G3 DCM

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 HSBC 28.85 223 7.62%
2 Citi 28.41 169 7.50%
3 JPMorgan 19.37 134 5.12%
4 BofA Securities 18.70 103 4.94%
5 Standard Chartered Bank 17.89 163 4.72%

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