The price is right: SAIC-GMAC seals ABS in China

SAIC-GMAC Automotive Finance has sealed its first asset-backed securities deal this year in the Chinese interbank bond market, raising Rmb3bn ($473.3m) from two floating-rate tranches on Monday.

  • By Noah Sin
  • 06 Mar 2018

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GlobalRMB Panda Bonds league table

Rank Arranger Share % by Volume
1 Industrial and Commercial Bank of China (ICBC) 21.88
2 China CITIC Bank Corp 18.75
2 Agricultural Bank of China (ABC) 18.75
2 CITIC Securities 18.75
5 China Merchants Securities Co 10.63

Panda Bond Database

Pricing Date Issuer Country Size Rmb (m)
1 08-Mar-18 China Resources Land China 6,000
2 06-Mar-18 Air Liquide Finance France 2,200
3 09-Feb-18 Sino-Ocean Group Holdings Hong Kong 3,000
4 06-Feb-18 Global Logistic Properties via Iowa China Offshore Holdings Hong Kong 1,200
5 05-Feb-18 China Merchants Port Holdings (CMP) Hong Kong 500

Offshore RMB Bond Top Bookrunners

Rank Bookrunner Share % by Volume
1 Standard Chartered Bank 40.71
2 HSBC 14.48
3 DBS 5.36
3 Bank of China (BOC) 5.36
3 KGI Asia 5.36

Latest Offshore RMB Bonds

Pricing Date Issuer Country Size Rmb (m)
1 16-Mar-18 First Abu Dhabi Bank PJSC United Arab Emirates 900
2 14-Mar-18 Greenland Holding Group China 1,500
3 08-Mar-18 Shinhan Bank South Korea 950
4 05-Mar-18 Country Garden Holdings China 950
5 02-Mar-18 Arab Petroleum Investments Corporation (Apicorp) Saudi Arabia 630