Latest RMB bond news

  • Maybank stresses Belt and Road with Panda debut

    Malaysian lender Maybank priced its first onshore renminbi bond on July 21, with the Rmb1bn ($148m) three year deal closing books early in the afternoon.

    • 21 Jul 2017
  • Hungary aims for Rmb1bn in Panda debut

    The Eastern European sovereign agreed on a Rmb3bn ($445m) Panda programme with onshore authorities and is set to price a first three year deal worth Rmb1bn.

    • 21 Jul 2017
  • SSAs join red chips in Panda bonanza

    After a dire first half of the year, the Panda bonds market had a busy week with five issuers either pricing their deals or revealing their intention to come to the market. While red chip real estate names still make up most of the pipeline, sovereign and local government issuers are starting to get a piece of the action, with Hungary and the Province of British Columbia (BC) leading the way.

    • 20 Jul 2017
  • Panda-monium: volatile issuance divides opinion

    Panda bonds are finally coming back to life after a dire first half. But although all the conditions are in place for an issuance boom, there is reason to doubt quite how high volumes will go.

    • 20 Jul 2017
  • CR Land returns with dual-tranche Panda

    Hong Kong-listed China Resources Land is returning to the Panda market on July 21 after a year-long absence. The company, which is hoping to raise Rmb5bn ($741m), will be the second red chip real estate issuer in two days to price a dual-tranche Panda deal.

    • 19 Jul 2017
  • British Columbia, Hungary line up Pandas

    British Columbia has hired Bank of China (BOC) for its second Panda deal, GlobalRMB has learned. Meanwhile, Hungary has chosen BOC and HSBC for a long-awaited Panda debut with a prospectus expected on Friday.

    • 18 Jul 2017
  • Longfor set for dual-tranche Panda debut

    Hong Kong-listed Longfor is planning its Panda bond debut with a Rmb2bn ($296m) dual-trancher. The property company filed the deal two months after winning regulatory approval — and just four days after a local rival sold its second Panda of the year.

    • 17 Jul 2017
  • This week in renminbi: 17 July, 2017

    The State Council grants PBoC greater powers with new commission, China reports 6.9% year-on-year GDP growth in the second quarter, and Spain plans its first Panda bond.

    • 17 Jul 2017
  • Updated: Maybank reveals guidance for Rmb1bn Panda bond

    Malaysian lender Maybank announced price guidance for its debut Panda issue on Wednesday, a day before it was scheduled to finish a roadshow for the deal.

    • 17 Jul 2017
  • RMBi critics are using the wrong metrics

    China’s renminbi internationalisation (RMBi) strategy has seen a clear shift from pushing for the currency’s usage abroad to bringing investors into the onshore market. It is time to take a more nuanced view of renminbi internationalisation.

    • 12 Jul 2017

RMB bond news archive

GlobalRMB Panda Bonds league table

Rank Arranger Share % by Volume
1 CITIC Securities 25.23
2 China CITIC Bank Corp 18.35
3 China Merchants Bank Co 14.91
3 Bank of China (BOC) 14.91
5 Everbright Securities 11.47

Panda Bond Database

Pricing Date Issuer Country Size Rmb (m)
1 21-Jul-17 Maybank Malaysia 1,000
2 10-Jul-17 China Jinmao Holdings China 2,500
3 07-Jul-17 China Everbright Holdings China 2,500
4 23-Jun-17 Bank of China Group Investment China 1,500
5 12-Jun-17 China Traditional Chinese Medicine Holdings 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