BMW’s early ABS heralds market boom

BMW Auto Finance on Tuesday brought its biggest Chinese auto loan ABS since its market debut five years ago. The Rmb 5.5bn ($820m) deal, said bankers, showed that the market will boom this year.

  • By Rebecca Feng
  • 21 Mar 2019

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GlobalRMB Panda Bonds league table

Rank Arranger Share % by Volume
1 China Merchants Securities Co 26.40
2 Industrial and Commercial Bank of China (ICBC) 20.00
3 China Securities 13.33
4 Agricultural Bank of China (ABC) 12.00
5 Bank of China (BOC) 11.33

Panda Bond Database

Pricing Date Issuer Country Size Rmb (m)
1 13-Mar-19 Global Logistic Properties via Iowa China Offshore Holdings Hong Kong 3,300
2 12-Mar-19 United Overseas Bank (UOB) Singapore 2,000
3 05-Mar-19 BMW Finance N.V. Germany 3,000
4 01-Mar-19 Semiconductor Manufacturing International Corp (SMIC) China 1,500
5 25-Feb-19 New Development Bank China 3,000

Offshore RMB Bond Top Bookrunners

Rank Bookrunner Share % by Volume
1 Standard Chartered Bank 46.13
2 UBS 9.55
2 Haitong International Securities 9.55
2 Guotai Junan International 9.55
5 ANZ 5.73

Latest Offshore RMB Bonds

Pricing Date Issuer Country Size Rmb (m)
1 13-Mar-19 Daimler International Finance Germany 1,000
2 05-Mar-19 Fantasia Holdings Group Co China 1,000
3 26-Feb-19 Far East Horizon China 440
4 22-Feb-19 Asian Development Bank (ADB) Philippines 300
5 31-Jan-19 Emirates NBD United Arab Emirates 400