Latest RMB bond news

  • Sino-Ocean builds Panda credentials with Rmb4bn debut

    Sino-Ocean Group Holdings has issued its first Panda bond, raising Rmb4bn ($580m) from a dual trancher. The debut followed German carmaker Daimler and Russian aluminium giant Rusal in a series of prominent issuances in March.

    • 08:00 AM
  • CBRC relaxes licence requirements for foreign banks

    The China Banking Regulatory Commission (CBRC) has taken a further step towards opening up the country’s financial sector, allowing foreign and joint venture banks to invest in domestic banking financial institutions.

    • 20 Mar 2017
  • Russia strikes first Panda deal

    Russia ramped up its renminbi efforts this week with Rusal pricing the first Panda bond from the country. The deal closed on the same day the Central Bank of Russia revealed plans to open a renminbi clearing house ahead of a sovereign bond.

    • 17 Mar 2017
  • One-way Bond Connect coming this year, says Li

    The Bond Connect scheme allowing foreign investors access to the Mainland bond markets will materialise in 2017, Chinese premier Li Keqiang announced during a press briefing on March 15.

    • 15 Mar 2017
  • Bond fund managers encouraged by China’s latest efforts

    Fixed income fund managers have welcomed the recent move by PBoC to allow them into the onshore FX derivatives market, but a few more tweaks to the regulation will help give Beijing what it really craves: a surge in capital inflows to the onshore bond market.

    • 13 Mar 2017
  • Index providers cautious as they welcome Chinese bonds

    Citi and Bloomberg Barclays may have taken the leap by moving to include Chinese bonds in their indices, but index providers and investors remain cautious on the market impact of the decisions.

    • 08 Mar 2017
  • Clearstream aims for direct China bond link, says co-CEO

    After launching an indirect connect scheme last October, Deutsche Borse's Clearstream platform is now prepping a direct route into the China interbank bond market (CIBM) for its client base by next year, Philip Brown, the firm's co-CEO, told GlobalRMB.

    • 08 Mar 2017
  • Citi indices to include Chinese onshore bonds

    Chinese onshore bonds are eligible to join the Citi Fixed Income Indices for the first time, the bank said this week. This follows last week’s publication of new guidelines by the State Administration of Foreign Exchange (Safe), which opened the door to foreign investors trading FX derivatives onshore.

    • 07 Mar 2017
  • Experts slam slow progress on Panda regulations

    Corporate treasurers and financial institutions feel that the Panda bond market has great potential as a funding venue, but regulators and industry bodies will need to push for reforms to make it viable.

    • 03 Mar 2017
  • Shimao files for Panda as China Orient AM cancels

    Two firms stole the headlines in the Panda bond market this week, with Shimao Property Holdings filing for a new programme and China Orient Asset Management (International) Holdings’ cancelling its planned outing.

    • 02 Mar 2017

RMB bond news archive

GlobalRMB Panda Bonds league table

Rank Arranger Share % by Volume
1 Bank of China (BOC) 18.01
2 Everbright Securities 16.95
3 Agricultural Bank of China (ABC) 10.59
4 HSBC 6.99
5 Industrial and Commercial Bank of China (ICBC) 6.36

Panda Bond Database

Pricing Date Issuer Country Size Rmb (m)
1 16-Mar-17 Rusal Russian Federation 1,000
2 14-Mar-17 Daimler Germany 3,000
3 24-Nov-16 Powerlong Real Estate Holdings China 3,500
4 23-Nov-16 China Everbright Limited China 4,000
5 14-Nov-16 China Traditional Chinese Medicine Holdings China 2,500

Offshore RMB Bond Top Bookrunners

Rank Bookrunner Share % by Volume
1 Credit Agricole 12.89
2 Bank of China (BOC) 12.08
3 HSBC 9.64
4 Standard Chartered Bank 7.80
5 DBS 5.74

Latest Offshore RMB Bonds

Pricing Date Issuer Country Size Rmb (m)
1 22-Feb-17 Ocean Wealth (Parent: China Orient Asset Management) China 850
2 28-Nov-16 Loncin Holdings China 800
3 04-Nov-16 China Nuclear Engineering Group China 1,500
4 25-Oct-16 ICBC Tokyo branch China 500
5 20-Oct-16 ICBC Sydney Branch China 1,200