Tuesday, January 25, 2011

galaxy securities four main underwriter

So far, the bank "excellence" plan billion financing blueprint molding - 400 billion convertible bonds and 600 million A + H shares match, become state-owned large line first proposed convertible bonds plus A + H shares model, and for other state-owned holding large shortly after the bank financing provides reference.

State-owned three lines waiting match, huijin to 57m gold silver participation match, the issuer issues are put on the agenda.

On August 19, huijin in the diaoyutai state guesthouse and the state development bank, agricultural bank of China, cicc,  representatives signed the Lord an underwriting agreement, the total scale for 1875 billion yuan bond issuance of let them big financing state-owned have further safeguard.

Banks see the hope, the market but some questions - if huijin debt buyers, including workers, farmers, medium, building, pay such as its holdings of financial institutions, there may be related transaction disrelish.

This, the bank of securities transaction represents LuoNan explained, from the actual situation, huijin issued a market-oriented pricing, marketization of translated issued process. Market demand is very big, most were to insurance company gives priority to institutional investors buy, commercial Banks but not huijin debt held by the big head. At that time the rush to bank debt huijin also only more than 50 million yuan, and the money is obviously could not be used to participate in central huijin allotments, because this is in the system design has strict firewall.

After handling and let huijin communication work, "excellence" project team members recognize that they must try to shorten and the supervisor's communication time. Because, on December 2 is rotatable debt-to-share transition period, before this must be explicitly share allotment quantity with convenient modify convertible price. In addition, pressing capital pressure also request trillion in capital must in 2010 end in position.

Therefore, XiaoGang repeatedly to regulators report matchs work and arrangements, Two availabilities and hair, the bank President judge will LiLiHui are present and answered questions of the judges.

After this round of propulsion, a week's time, the CBRC's reply down. Then, the CSRC's reply also down.

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