Turkey marches towards Panda debut

The Republic of Turkey is preparing to issue its first Panda bond by the end of the year, having mandated three banks to handle the deal.

  • 22 Feb 2018

Bank of China, HSBC and Industrial and Commercial Bank of China look set to underwrite Turkey’s first onshore RMB bond, the Turkish Treasury said on Wednesday. The sovereign is planning to come to the market before the end of the year.

A source at ICBC told GlobalCapital Asia's ...

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GlobalRMB Panda Bonds league table

Rank Arranger Share % by Volume
1 China Merchants Securities Co 19.41
2 CITIC Securities 14.83
3 Agricultural Bank of China (ABC) 13.48
3 Industrial and Commercial Bank of China (ICBC) 13.48
5 China CITIC Bank Corp 12.13

Panda Bond Database

Pricing Date Issuer Country Size Rmb (m)
1 29-May-18 CITIC Pacific China 1,000
2 24-May-18 Beijing Enterprises Water Group China 3,000
3 24-May-18 Trafigura Singapore 500
4 09-May-18 Daimler Germany 5,000
5 26-Apr-18 Global Logistic Properties via Iowa China Offshore Holdings Hong Kong 1,500

Offshore RMB Bond Top Bookrunners

Rank Bookrunner Share % by Volume
1 Standard Chartered Bank 37.43
2 HSBC 14.26
3 Societe Generale 5.31
4 Bank of Taiwan 4.55
4 Cathay United Bank 4.55

Latest Offshore RMB Bonds

Pricing Date Issuer Country Size Rmb (m)
1 07-Jun-18 Export-Import Bank of Korea (Kexim) South Korea 1,500
2 23-May-18 QNB Finance Qatar 600
3 16-May-18 First Abu Dhabi Bank PJSC United Arab Emirates 1,100
4 04-May-18 Busan Bank South Korea 500
5 27-Apr-18 Central American Bank for Economic Integration (CABEI) Honduras 2,000