Postal Savings Bank hits the road for new AT1

Postal Savings Bank of China Co has mandated 21 banks to work on a dollar AT1 transaction worth up to Rmb50bn ($7.4bn), expected to hit the market as early as next week.

  • By Addison Gong
  • 14 Sep 2017

Bank of America Merrill Lynch, CICC HK Securities, DBS, Goldman Sachs, HSBC, ICBC (Asia), JP Morgan, Morgan Stanley and UBS will be in the driver’s seat as joint global co-ordinators, joint bookrunners and joint lead managers.

Other JBRs and JLMs include ABC International, BOC International, CCB International, China ...

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Panda Bonds Top Arrangers

Rank Arranger Share % by Volume
1 Bank of China (BOC) 28.15
2 CITIC Securities 21.52
3 China CITIC Bank Corp 9.93
4 China Merchants Bank Co 9.38
5 Industrial and Commercial Bank of China (ICBC) 7.73

Bookrunners of Asia-Pac (ex-Japan) ECM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 CITIC Securities 13,827.70 78 5.94%
2 UBS 13,644.76 81 5.86%
3 Goldman Sachs 10,607.81 53 4.56%
4 Morgan Stanley 9,964.98 53 4.28%
5 China Securities Co Ltd 9,861.82 46 4.23%

Bookrunners of Asia Pacific (ex-Japan) G3 DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 31,212.38 211 8.12%
2 Citi 29,531.93 179 7.68%
3 JPMorgan 23,338.11 135 6.07%
4 Bank of America Merrill Lynch 19,805.99 103 5.15%
5 Standard Chartered Bank 16,034.80 121 4.17%

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