Weichai Power charges up with $775m bond

Chinese state-owned Weichai Power Co priced a $775m senior perpetual bond on Thursday, enjoying a quiet day of issuance to bag a deal inside analysts’ fair value estimates.

  • By Addison Gong
  • 08 Sep 2017


Books for the perpetual non call five year were opened on Thursday morning Asia time, when joint global co-ordinators, joint lead managers and joint bookrunners Barclays and JP Morgan released initial guidance in the 4.25% area.

The leads picked a good day to take bids for Weichai, given Wednesday ...

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Panda Bonds Top Arrangers

Rank Arranger Share % by Volume
1 Bank of China (BOC) 30.14
2 CITIC Securities 23.05
3 China CITIC Bank Corp 10.64
4 Industrial and Commercial Bank of China (ICBC) 8.27
4 Everbright Securities 8.27

Bookrunners of Asia-Pac (ex-Japan) ECM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 CITIC Securities 9,696.66 60 5.77%
2 Goldman Sachs 8,791.82 40 5.23%
3 China International Capital Corp Ltd 8,023.48 41 4.77%
4 Citi 7,277.56 50 4.33%
5 UBS 6,995.57 52 4.16%

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Rank Lead Manager Amount $m No of issues Share %
  • Last updated
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1 HSBC 26,605.03 176 8.51%
2 Citi 22,846.88 144 7.31%
3 JPMorgan 19,741.42 112 6.31%
4 Bank of America Merrill Lynch 15,421.07 84 4.93%
5 Standard Chartered Bank 13,604.47 103 4.35%

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