ADB faces hurdles to RMB funding

The Asian Development Bank (ADB) is struggling to find the long term RMB funding it needs in both onshore and offshore markets, treasurers at the development bank told GlobalRMB at their head office in Manila.

  • By Noah Sin
  • 07 May 2018

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GlobalRMB Panda Bonds league table

Rank Arranger Share % by Volume
1 China Merchants Securities Co 20.18
2 Industrial and Commercial Bank of China (ICBC) 14.26
3 CITIC Securities 12.06
4 Agricultural Bank of China (ABC) 10.97
5 China CITIC Bank Corp 9.87

Panda Bond Database

Pricing Date Issuer Country Size Rmb (m)
1 19-Jul-18 Beijing Enterprises Water Group China 3,000
2 19-Jul-18 Global Logistic Properties via Iowa China Offshore Holdings Hong Kong 1,500
3 13-Jul-18 Global Logistic Properties via Iowa China Offshore Holdings Hong Kong 2,000
4 13-Jul-18 Hang Lung Properties Hong Kong 1,000
5 28-Jun-18 China Water Affairs Group China 200

Offshore RMB Bond Top Bookrunners

Rank Bookrunner Share % by Volume
1 Standard Chartered Bank 33.47
2 HSBC 19.33
3 Societe Generale 4.75
4 Bank of Taiwan 4.07
4 Cathay United Bank 4.07

Latest Offshore RMB Bonds

Pricing Date Issuer Country Size Rmb (m)
1 21-Jun-18 Shimao Property Holdings China 1,200
2 19-Jun-18 Korea Development Bank (KDB) South Korea 1,750
3 07-Jun-18 Export-Import Bank of Korea (Kexim) South Korea 1,500
4 23-May-18 QNB Finance Qatar 600
5 16-May-18 First Abu Dhabi Bank PJSC United Arab Emirates 1,100