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 19.83
2 Industrial and Commercial Bank of China (ICBC) 14.01
3 CITIC Securities 11.86
4 Agricultural Bank of China (ABC) 10.78
5 China CITIC Bank Corp 9.70

Panda Bond Database

Pricing Date Issuer Country Size Rmb (m)
1 20-Aug-18 ABC International (parent: Agricultural Bank of China) China 3,000
2 16-Aug-18 Daimler Germany 4,000
3 15-Aug-18 Everbright Water China 800
4 08-Aug-18 Veolia Environnement SA France 1,000
5 19-Jul-18 Beijing Enterprises Water Group China 3,000

Offshore RMB Bond Top Bookrunners

Rank Bookrunner Share % by Volume
1 Standard Chartered Bank 34.32
2 HSBC 21.16
3 Societe Generale 4.40
4 Bank of Taiwan 3.77
4 Cathay United Bank 3.77

Latest Offshore RMB Bonds

Pricing Date Issuer Country Size Rmb (m)
1 13-Sep-18 CIFI Holdings China 1,000
2 05-Sep-18 Daimler Germany 1,000
3 03-Sep-18 First Abu Dhabi Bank PJSC United Arab Emirates 650
4 21-Jun-18 Shimao Property Holdings China 1,200
5 19-Jun-18 Korea Development Bank (KDB) South Korea 1,750