Citic Securities seeks rating ahead of dim sum ambitions

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Citic Securities seeks rating ahead of dim sum ambitions

August 01, 2012

From Anita Davis

Following Citic Securities’ US$1.2 billion acquisition of CLSA, the firm is looking to boost its presence – and leverage ratio – in the offshore renminbi debt market.

Citic Securities International – the offshore arm of the Chinese firm – is seeking a credit rating for the first time in anticipation of future offshore renminbi dim sum bond issues, which would help the firm boost its global presence...

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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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