Issuer diversification driving dim sum market growth: HKMA

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Issuer diversification driving dim sum market growth: HKMA

May 16, 2012 (Last updated: May 18, 2012)

From Anita Davis

A broader pool of issuers from varying geographies and credit ratings will continue to fuel the growth of Hong Kong’s offshore renminbi bond market, say analysts and Hong Kong’s central bank.

Broader market diversity has helped double the year-on-volume of offshore renminbi bond issuance in Hong Kong during the first four months of the year, and the market looks set to expand further as a greater variety of borrowers seek to...

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SOUTHEAST ASIA DCM

Rank

Bookrunner Parents

Deal Value $ (Proceeds) (m)

No.

%share

2012 YTD Rank

Standard Chartered Bank

3,991

8.9

HSBC

3,710

8.3

Goldman Sachs

3,333

7.4

Deutsche Bank

2,895

6.4

Citi

2,774

6.2

JPMorgan

2,288

5.1

DBS

2,106

4.7

Siam Commercial Bank

1,835

4.1

Barclays

1,586

3.5

CIMB Group

1,523

3.4

Subtotal

26,040

123

57.9

Total

44,958

212

100.0

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