• Investors climb up China Great Wall $1.5bn bond

    China Great Wall Asset Management Corp priced a dual-tranche offering on Thursday, finding strong demand for its deal. The relatively small size and the timing of the transaction worked in favour of the bad debt manager, according to bankers.

    • 08:15 AM
  • China Great Wall attracts bids with yield pick-up

    China Great Wall Asset Management Corp launched its dual-tranche offering on Thursday morning.

    • 20 Oct 2016
  • China Great Wall, BoCom Leasing leap into market

    China Great Wall International Holdings III and Bank of Communications Financial Leasing Co are preparing to hit the road for their respective senior unsecured dollar offerings.

    • 18 Oct 2016
  • Chinese issuers keep bond momentum going

    China Construction Bank Hong Kong, Fantasia Holdings Group and Jinan West City Investment and Development Group were out in full force in the dollar bond market on Tuesday.

    • 27 Sep 2016
  • China Resources Cement, Hengan Int ink debut Pandas

    A pair of red chip companies created their respective benchmarks in the Panda bond market this week, raising a combined Rmb5bn ($749m).

    • 08 Sep 2016
  • Sustainable and Responsible Capital Markets Awards 2016: the Winners

    GlobalCapital announces the results of its first full scale, standalone set of Sustainable and Responsible Capital Markets Awards.

    • 07 Sep 2016
  • China Huarong mandates banks for perp

    China Huarong Asset Management is preparing to return to the debt market, mandating firms for a perpetual Reg S offering.

    • 05 Sep 2016
  • Limited supply fuels CCB's dim sum ride

    China Construction Bank’s Singapore branch sealed a Rmb1bn ($150m) dim sum transaction Thursday, putting an end to a one-month silence in the offshore renminbi (CNH) debt market.

    • 12 Aug 2016
  • ABC keeps NPL securitization momentum going

    The budding Chinese non-performing loans securitization market recorded its fourth transaction in little more than two months with Agricultural Bank of China (ABC) completing a Rmb3.06bn ($462m) offering — the largest on record since the asset class restarted this year.

    • 01 Aug 2016
  • HK IPO round-up: Foxconn, Chengdu Xingrong, Nanfang

    Hon Hai-owned Foxconn Interconnect Technology, also known as FIT Hon Teng, is eyeing a listing in Hong Kong that could fetch up to $600m after the summer, said sources close to the deal.

    • 05 Jul 2016
  • BOC eyes landmark green bond

    Bank of China has hit the market for its multi-currency green bond, with an offshore renminbi portion in only the second time a green dim sum bond has been sold.

    • 05 Jul 2016
  • Three LGFVs build on market re-opening

    Two entities of China’s Chonqing municipality — the Nan’an district financing vehicle and the Chonqing Grain Group — have mandated banks for potential deals while Huai’an’s local government financing vehicle is also seeking a new bond.

    • 04 Jul 2016
  • ABC Leasing joins peers with maiden bond

    ABC Financial Leasing found a window on Monday to sell its maiden offshore bond ahead of what is expected to be a volatile second half of the week. Unsurprisingly, the deal was largely bought by onshore Chinese accounts, which helped the issuer achieve its fundraising goal.

    • 14 Jun 2016
  • ABC Leasing sets out for debut international bond

    ABC Financial Leasing has launched bookbuilding for its maiden outing to the international bond market, becoming the latest Chinese firm in the financial leasing sector to seek dollars.

    • 13 Jun 2016
  • ABC Leasing follows peers into dollar bonds

    ABC Financial Leasing has picked banks as it gets ready for a dollar appearance as early as next week.

    • 07 Jun 2016
  • China Resources Land seals Rmb5bn Panda bond

    China Resources Land successfully sold a Rmb5bn (759m) dual-tranche Panda bond this week, becoming the first real estate company to print this format in China’s interbank bond market.

    • 01 Jun 2016
  • Panda silence broken by Chong Hing Bank

    The four month hiatus in Panda bond issuance in China’s interbank bond market has ended with Chong Hing Bank’s Rmb1.5bn ($229m) note.

    • 26 May 2016
  • ABC, ICBC combo drives US renminbi ambitions

    The US has finally engaged with the internationalisation of the renminbi after years of stubbornly ignoring the currency’s rise. Market participants have welcomed the Rmb617m ($94.15m) worth of instruments issued by the New York branches of Agricultural Bank of China (ABC) and Industrial and Commercial Bank of China (ICBC), but say the developments are long overdue. Rev Hui reports.

    • 26 May 2016
  • ABC NY takes unusual approach with dual-trancher

    Agricultural Bank of China New York raised $1.25bn from a dual-tranche offering on Monday, hitting the market early given expectations of more supply over the week. The issuer sealed a bigger floating rate note as it provides protection against volatility induced by the Federal Reserve, but executed the trade in an unusual manner.

    • 10 May 2016
  • ABC NY out with new dual tranche dollar bond

    Agricultural Bank of China New York has returned to the offshore bond market, having started bookbuilding for a dual-tranche dollar transaction on Monday morning.

    • 09 May 2016
  • Dongfeng Peugeot Citroën readies Rmb1bn China auto ABS

    Dongfeng Peugeot Citroën is planning to start the bookbuilding process for a Rmb1bn ($155m) securitization of auto loan mortgages next week.

    • 03 May 2016
  • NPL ABS to get off-balance sheet treatment

    The securitization of non-performing loans by Chinese banks is gaining plenty of traction as they are set to achieve off-balance sheet accounting treatment — one of the major hurdles for the development of the asset class.

    • 14 Apr 2016
  • CAR, CRLand, Daimler lead Panda bonanza

    The Chinese Panda bond market is starting to heat up with a slew of corporates in the midst of preparing their respective trades.

    • 23 Mar 2016
  • DBS starts marketing debut Panda, but approval pending

    The Panda bond market is looking crowded this week. Joining German car maker Daimler is Singapore’s DBS Bank which is marketing its debut Panda, several sources have told GlobalRMB.

    • 17 Mar 2016
  • Bank of Tianjin guages appetite as Concor prices

    Bank of Tianjin has commenced pre-deal investor education to test the waters for its $1bn Hong Kong IPO, say bankers.

    • 11 Mar 2016
  • ABC International’s head of DCM joins China Huarong

    China Huarong Asset Management has hired Richard Zhang in the newly created role of investment director to lead and oversee investment, with a focus on expanding the asset manager's offshore allocation.

    • 25 Feb 2016
  • ABC seeks approval for tier two issuance

    One of China’s big four banks, Agricultural Bank of China, is seeking shareholder approval to issue Rmb80bn ($12.16bn) worth of Basel III tier two capital notes in the period up to the end of 2018.

    • 25 Jan 2016

Panda Bonds Top Arrangers

Rank Arranger Total Volume Rmb (m) No. of Deals Share % by Volume
1 Bank of China (BOC) 7,500 5 22.26
2 Agricultural Bank of China (ABC) 4,000 2 11.87
2 Everbright Securities 4,000 1 11.87
4 Industrial and Commercial Bank of China (ICBC) 3,500 2 10.39
5 HSBC 3,000 2 8.90

Bookrunners of Asia-Pac (ex-Japan) ECM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 19 Oct 2016
1 CITIC Securities 14,399.87 54 6.41%
2 Morgan Stanley 11,680.45 48 5.20%
3 GF Securities Co Ltd 11,254.82 44 5.01%
4 Deutsche Bank 8,929.93 36 3.97%
5 China Securities Co Ltd 8,568.28 45 3.81%

Bookrunners of Asia Pacific (ex-Japan) G3 DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 11 Oct 2016
1 HSBC 24,211.67 144 4.82%
2 Citi 23,007.32 123 4.58%
3 Bank of America Merrill Lynch 20,229.47 98 4.03%
4 JPMorgan 18,255.12 103 3.63%
5 Goldman Sachs 11,241.68 45 2.24%