• 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) 18.86
2 Industrial and Commercial Bank of China (ICBC) 14.39
3 China Merchants Bank Co 14.21
4 China Merchants Securities Co 8.85
5 Agricultural Bank of China (ABC) 5.90

Bookrunners of Asia-Pac (ex-Japan) ECM

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 China International Capital Corp Ltd 3.17 12 17.43%
2 Morgan Stanley 2.81 6 15.46%
3 CITIC Securities 1.85 5 10.20%
4 China Securities Co Ltd 1.51 2 8.30%
5 Citi 1.18 4 6.47%

Bookrunners of Asia Pacific (ex-Japan) G3 DCM

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 Citi 3.59 16 8.36%
2 HSBC 3.24 28 7.54%
3 JPMorgan 2.54 13 5.92%
4 RBC Capital Markets 2.22 5 5.17%
5 Barclays 2.03 16 4.74%

Asian polls & awards

  • GlobalCapital China 2019 awards winners: Part III

    In the final part of GlobalCapital China’s awards announcement, we discuss the key innovation of 2019, and reveal the individual that has made the greatest contribution to reforming and internationalising the Chinese onshore market.

  • GlobalCapital China 2019 awards winners: Part II

    In the second part of GlobalCapital China’s awards announcement, we reveal the winning banks across Panda bonds, G3 bonds and ABS, as well as the best bank for securities services and the most impressive law firm.

  • GlobalCapital Asia capital markets awards 2019: Investment banks

    In the fourth and final instalment of GlobalCapital Asia’s capital markets awards announcements, find out which firms have been named the Best Asian Investment Bank and the Best Investment Bank in the region for 2019.

  • GlobalCapital China announces 2019 awards winners: Part I

    GlobalCapital China, previously GlobalRMB, is pleased to announce the winners of its annual capital markets awards, honouring the banks, companies and individuals that have made the biggest contribution to bridging the gap between China’s markets and the rest of the world. In part one of the awards, we reveal the most impressive issuers in the FIG, corporate and SSA categories.

  • GlobalCapital Asia capital markets awards 2019: Bonds

    In part three of GlobalCapital Asia's awards results announcements, we reveal the winning bond deals across a variety of categories. In addition, we also name the Best G3 Bond House, Best High Yield Bond House and the winner of the Best House for SRI Financing.