Bundesbank eyes small RMB allocation for FX reserves

Germany's domestic central bank said this week that it would start buying renminbi assets. Andreas Dombret, a member of the board at the Bundesbank, indicated to GlobalRMB that the central bank — like others in the developed markets — would follow the European Central Bank’s small initial allocation to the currency.

  • By Paolo Danese
  • 19 Jan 2018

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GlobalRMB Panda Bonds league table

Rank Arranger Share % by Volume
1 Industrial and Commercial Bank of China (ICBC) 35.00
2 China CITIC Bank Corp 30.00
3 China Merchants Securities Co 17.00
4 HSBC 5.00
4 Standard Chartered Bank 5.00

Panda Bond Database

Pricing Date Issuer Country Size Rmb (m)
1 09-Feb-18 Sino-Ocean Group Holdings Hong Kong 3,000
2 06-Feb-18 Global Logistic Properties via Iowa China Offshore Holdings Hong Kong 1,200
3 05-Feb-18 China Merchants Port Holdings (CMP) Hong Kong 500
4 01-Feb-18 The Emirate of Sharjah United Arab Emirates 2,000
5 25-Jan-18 Sino-Ocean Group Holdings Hong Kong 3,000

Offshore RMB Bond Top Bookrunners

Rank Bookrunner Share % by Volume
1 Standard Chartered Bank 58.48
2 Deutsche Bank (Taipei) 9.21
3 CLSA 8.35
3 Mitsubishi UFJ Financial Group (MUFG) 8.35
5 CTBC Bank (formerly Chinatrust Commercial Bank) 3.30

Latest Offshore RMB Bonds

Pricing Date Issuer Country Size Rmb (m)
1 08-Feb-18 Sinochem Offshore Capital Company China 1,000
2 30-Jan-18 Rabobank The Netherlands 500
3 17-Jan-18 Asian Development Bank (ADB) Philippines 100
4 17-Jan-18 Export-Import Bank of Korea (Kexim) South Korea 270
5 17-Jan-18 IL&FS Transportation Networks India 100