• The lowdown: Panda bonds

    Panda bonds were thrust back into the limelight when the market was reopened by China in 2015 with many high profile issuers lining up to sell deals. But what are Panda bonds and why should you care? Here’s GlobalRMB’s quick guide to all you need to know.

    • 27 Jan 2016
  • Singapore's HDB finds window for S$1bn return

    Singapore's Housing Development Board returned to the domestic market last week, raising S$1bn ($700m) from a deal that showcased the issuer’s strong credentials among Singapore dollar bond investors.

    • 25 Jan 2016
  • BC places proceeds offshore for first sub-3% Panda

    British Columbia became the first issuer to sell a Panda with a sub-3% coupon on Thursday as its triple-A rating assured investors who were largely unfamiliar with the credit. The Canadian province is parking the proceeds offshore after failing to get tax waiver from China regulators, picking a new bank as the home for its deposit.

    • 22 Jan 2016
  • Red chip Pandas in doubt as BC roars

    The Chinese Panda bond market has gone from strength to strength since its revival last September with the Province of British Columbia (BC) becoming the latest to issue, raising Rmb3bn ($456m) on Thursday. While plenty more sovereign and financial deals are being lined up, the future does not look bright for red chip companies. Carrie Hong and Rev Hui report.

    • 21 Jan 2016
  • British Columbia releases guidance for debut Panda

    The Province of British Columbia (BC) has announced price guidance for its upcoming Panda bond, which is set to go live on Thursday.

    • 20 Jan 2016
  • Kexim plans to issue Panda bond in 2016

    Export-Import Bank of Korea (Kexim) is gearing up to sell its first Panda bond in 2016. The policy lender is considering the asset class due to its attractive pricing when compared with offshore renminbi bonds.

    • 19 Jan 2016
  • British Columbia to price debut Panda on Thursday

    The Province of British Columbia (BC) is set to price its debut Panda bond on Thursday, January 21. The up to Rmb3bn ($457m) three year offering is being marketed at a range of 2.6%-3.0%, several sources have told GlobalRMB.

    • 18 Jan 2016
  • Panda supply to reach Rmb20bn in 2016: Deutsche

    Deutsche Bank is forecasting net Panda bond issuance of Rmb20bn this year as part of a wider deepening of China’s onshore bond market including greater access for foreign investors.

    • 14 Jan 2016
  • No dim sum for Hungary until markets improve

    Hungary will not issue a dim sum bond until a period of sustained stability is seen in the Chinese markets, said bankers on Wednesday.

    • 13 Jan 2016
  • Hungary lines up investors to join the dim sum feast

    Hungary will meet investors in Hong Kong and Singapore as it prepares to issue the first ever sovereign dim sum bond from the CEEMEA region.

    • 07 Jan 2016

Panda Bonds Top Arrangers

Rank Arranger Share % by Volume
1 Bank of China (BOC) 21.07
2 Industrial and Commercial Bank of China (ICBC) 12.89
3 China Merchants Securities Co 12.45
4 Agricultural Bank of China (ABC) 7.55
5 China Securities 6.29

Bookrunners of Asia-Pac (ex-Japan) ECM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 CITIC Securities 9,832.84 52 7.35%
2 Goldman Sachs 9,385.90 40 7.02%
3 Morgan Stanley 8,062.73 52 6.03%
4 China International Capital Corp Ltd 7,479.26 47 5.59%
5 UBS 7,462.23 53 5.58%

Bookrunners of Asia Pacific (ex-Japan) G3 DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 23,142.11 201 8.38%
2 Citi 17,666.90 132 6.39%
3 JPMorgan 14,329.96 97 5.19%
4 Standard Chartered Bank 12,554.94 122 4.54%
5 Bank of America Merrill Lynch 10,422.96 80 3.77%

Asian polls & awards

  • GlobalCapital reveals SRI Award nominations

    GlobalCapital has published the nominations for its Sustainable and Responsible Capital Markets Awards. The winners will be announced on September 17, at our Awards Ceremony in Amsterdam.

  • GlobalCapital SRI Awards: poll extended

    In response to requests from market participants, GlobalCapital has extended the closing date of its poll to determine the 2019 winners of its Sustainable and Responsible Capital Markets Awards. Market participants can now vote until July 26.

  • GlobalCapital opens 2019 poll for SRI Awards

    GlobalCapital has launched its poll to determine the 2019 winners of its Sustainable and Responsible Capital Markets Awards. Market participants are invited to participate.

  • GlobalCapital launches Sustainable Financing and Investing Survey

    GlobalCapital is conducting a global research survey on the fast-changing markets for sustainable financing and investing. It will combine the views of issuers and investors to give a nuanced picture of how this trend is changing capital markets for both groups.

  • GlobalCapital Asia capital markets awards 2018: Investment banks

    In the fourth and final instalment of GlobalCapital Asia’s capital markets awards announcements, find out the Best Asian Investment Bank and the Best Investment Bank in the region for 2018.