China’s high yield bond market: more a whimper than a bang

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China’s high yield bond market: more a whimper than a bang - opinion

June 14, 2012

From Anita Davis

China dealers and investors have been excited at the prospect of a high yield bond market but early issues have been an anticlimax. Where’s the fun in that?

Since February, when news of its development came to light, one would have thought that China’s high yield bond market was a Godsend. Origination, syndicate, securities and legal sources buzzed about it to Asiamoney PLUS, with dreams of new funding...

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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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