US investors get a new RMB option as China Merchants launches CDs

China Merchants Bank’s (CMB) New York branch has launched the first renminbi denominated certificate of deposit (CD) in the US from its new global CD programme. Proceeds of the Rmb50m ($8.16m) one month offering will be used to support transactions in the US-China trade corridor.

  • By Carrie Hong
  • 21 Nov 2014

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Panda Bonds league table

Rank Arranger Share % by Volume
1 Bank of China (BOC) 27.09
2 Industrial and Commercial Bank of China (ICBC) 12.86
3 China Merchants Bank Co 11.85
4 China Merchants Securities Co 9.09
5 Agricultural Bank of China (ABC) 5.51

Panda Bond Database

Pricing Date Issuer Country Size Rmb (m)
1 17-Oct-19 BMW Finance N.V. Germany 3,000
2 12-Oct-19 China Traditional Chinese Medicine Holdings China 2,800
3 10-Oct-19 Semiconductor Manufacturing International Corp (SMIC) China 1,500
4 03-Sep-19 China Power International Development China 2,000
5 02-Sep-19 China Power International Development China 500

Offshore RMB Bond Top Bookrunners

Rank Bookrunner Share % by Volume
1 Standard Chartered Bank 31.52
2 Credit Agricole 9.16
3 HSBC 6.15
4 Bank of China (Hong Kong) (BOCHK) 6.03
4 Bank of Communications Hong Kong Branch (BOCOM HK) 6.03

Latest Offshore RMB Bonds

Pricing Date Issuer Country Size Rmb (m)
1 24-Sep-19 Daimler International Finance Germany 500
2 16-Jul-19 CIFI Holdings China 1,600
3 22-May-19 Agricultural Development Bank of China (ADBC) China 3,000
4 16-Apr-19 ICBC Singapore Branch China 1,000
5 10-Apr-19 Bank of China Macau Branch (BOC Macau) China 4,500