GlobalCapital China's MoF Auction Tracker infographics cover the annual auctions of dim sum bonds by China's Ministry of Finance (MoF), providing analysis of institutional tranche sizes, tenors, demand and yields.


The Chinese Ministry of Finance raised Rmb5bn on October 10, 2018, a tap to its first 2018 auction priced in July. The two offerings were split between tranches of two and five years. Read coverage of the latest auction here.




Panda Bonds league table

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

Panda Bond Database

Pricing Date Issuer Country Size Rmb (m)
1 13-Jan-20 Semiconductor Manufacturing International Corp (SMIC) China 1,500
2 09-Jan-20 Yuexiu Transport Infrastructure China 1,000
3 07-Jan-20 Daimler International Finance B.V. The Netherlands 3,000
4 13-Dec-19 Veolia Environmental Services France 1,500
5 04-Dec-19 Beijing Enterprises Clean Energy China 1,000

Offshore RMB Bond Top Bookrunners

Rank Bookrunner Share % by Volume
1 Standard Chartered Bank 23.69
2 Credit Agricole 9.39
3 Bank of China (BOC) 8.15
4 Bank of China (Hong Kong) (BOCHK) 7.53
5 Bank of Communications (BOCOM) 5.98

Latest Offshore RMB Bonds

Pricing Date Issuer Country Size Rmb (m)
1 09-Jan-20 Fubon Bank (China) China 1,000
2 20-Nov-19 Zhuhai Da Heng Qin Investment China 800
3 18-Nov-19 Beijing Infrastructure Investment Co China 1,000
4 04-Nov-19 China Construction Bank Singapore branch (CCB Singapore) China 1,000
5 30-Oct-19 Agricultural Development Bank of China (ADBC) China 5,500