• 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
  • 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
  • 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
  • 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
  • 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
  • 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

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%