Dealogic League Table Round-up Feb 2

Chinese issuers continue to exploit short-term convertible bonds

Equity Capital Markets

Asia ex-Japan ECM volume increased 60% this week to $10bn 22 deals, from $6bn 48 deals raised last week.

This week Chinese companies issued the third and fourth billion dollar-plus convertible bonds. On Jan 30, China Evergrande Group issued a $2.3bn convertible bond, topped by China National Petroleum Corp the same day, which issued a $3.2bn CB - the second largest convertible bond from China’s OilGas sector since Sinopec in 2011 $3.5bn.

Thirteen Chinese companies have issued convertible bonds so far this year, raising $10.7bn. Full year volume in 2017 was $27.9bn.

16 Asia ex Japan...

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