Pimco applauds Bond Connect, but cautious on renminbi

Asset manager Pimco said the launch of Bond Connect addressed important concerns by foreign investors, but added that the outlook for the RMB remained somewhat bearish.

  • By Paolo Danese
  • 10 Jul 2017

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GlobalRMB Panda Bonds league table

Rank Arranger Share % by Volume
1 CITIC Securities 29.22
2 China CITIC Bank Corp 12.99
3 Bank of China (BOC) 12.18
4 Everbright Securities 11.36
5 China Merchants Bank Co 10.55

Panda Bond Database

Pricing Date Issuer Country Size Rmb (m)
1 26-Jul-17 Hungary Hungary 1,000
2 24-Jul-17 China Resources Land China 5,000
3 21-Jul-17 Everbright Water China 1,000
4 21-Jul-17 Maybank Malaysia 1,000
5 20-Jul-17 Longfor Properties China 2,000

Offshore RMB Bond Top Bookrunners

Rank Bookrunner Share % by Volume
1 JP Morgan 49.70
2 Barclays 10.06
2 Citi 10.06
2 HSBC 10.06
2 Bank of China (BOC) 10.06

Latest Offshore RMB Bonds

Pricing Date Issuer Country Size Rmb (m)
1 01-Jun-17 Ocean Wealth (Parent: China Orient Asset Management) China 632
2 11-Apr-17 Bank of China Johannesburg Branch (BOC Johannesburg) China 1,500
3 22-Feb-17 Ocean Wealth (Parent: China Orient Asset Management) China 850
4 28-Nov-16 Loncin Holdings China 800
5 04-Nov-16 China Nuclear Engineering Group China 1,500