Mizuho, MUFG open Panda market for Japan’s issuers

Mitsubishi UFJ Financial Group (MUFG) and Mizuho Bank opened the Panda bond market for Japanese issuers on January 12, with both crossing the finish line on the same day.

  • By Addison Gong
  • 18 Jan 2018

Chinese and Japanese officials kicked off the race for the first Japanese Panda bond deal in December, after they agreed to exchange auditing information of issuers from each other’s country. After that, debt sellers from Japan wasted no time in hitting the market.

Mizuho received approval from the People’s Bank ...

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Panda Bonds Top Arrangers

Rank Arranger Share % by Volume
1 China Merchants Securities Co 14.44
2 Industrial and Commercial Bank of China (ICBC) 11.65
3 Bank of China (BOC) 10.33
4 CITIC Securities 8.41
5 Agricultural Bank of China (ABC) 7.17

Bookrunners of Asia-Pac (ex-Japan) ECM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 CITIC Securities 1,849.35 10 10.27%
2 Goldman Sachs 1,543.90 5 8.57%
3 China International Capital Corp Ltd 1,340.29 6 7.44%
4 UBS 1,236.02 9 6.86%
5 Morgan Stanley 1,114.69 9 6.19%

Bookrunners of Asia Pacific (ex-Japan) G3 DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 6,372.71 56 10.06%
2 Citi 4,631.94 32 7.31%
3 JPMorgan 4,198.06 25 6.63%
4 Deutsche Bank 2,675.58 22 4.22%
5 Goldman Sachs 2,631.39 16 4.15%

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