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State Grid of China bond behemoth heads busy markets

February 09, 2010  

From Pamela Tang

The mainland electricity grid operator conducted the second-largest bond issue from Asia-Pacific ex-Japan, and was joined by several notable international bonds. Asiamoney.com rounds up last week’s key regional capital market activity.

State Grid of China underlined the liquidity of China’s expanding bond market when it sold Rmb30 billion (US$4.4 billion) of 10- and 15-year paper last week.

The transaction stands as the second-largest investment grade issue in Asia...


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 LOCAL CURRENCY DCM

Rank Bookrunner Value ($m) No. %Share
1 Samsung Securities Co 1,079 13 4.8
2 China Development Bank Corp 1,066 3 4.8
3 KB Financial Group Inc 1,052 10 4.7
4 Daewoo Securities 950 8 4.2
5 Korea Investment & Securities 865 14 3.9
6 Woori Investment & Securities 854 12 3.8
7 SK Securities 758 8 3.4
8 CITIC Securities 686 2 3.1
9 Dongbu Group 650 10 2.9
10 Haitong Securities 649 2 2.9
Subtotal 8,609 70 38.4
Total 22,396 168 100.0

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