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 VANISHING AUCTION? MOF DOWNSIZES TO JUST RMB10BN IN 2018

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) 18.45
2 Industrial and Commercial Bank of China (ICBC) 13.56
3 China Merchants Bank Co 12.10
4 China Construction Bank (CCB) 9.85
5 Agricultural Bank of China (ABC) 8.93

Panda Bond Database

Pricing Date Issuer Country Size Rmb (m)
1 04-Nov-20 China Power International Development China 1,500
2 11-Sep-20 China Traditional Chinese Medicine Holdings China 1,000
3 10-Sep-20 Credit Agricole France 1,000
4 21-Aug-20 Anta Sports Products China 1,000
5 14-Aug-20 Yuexiu Transport Infrastructure China 500

Offshore RMB Bond Top Bookrunners

Rank Bookrunner Share % by Volume
1 Standard Chartered Bank 26.12
2 Bank of China (BOC) 14.00
3 Bank of Communications (BOCOM) 12.26
4 Credit Agricole 7.09
5 HSBC 5.22

Latest Offshore RMB Bonds

Pricing Date Issuer Country Size Rmb (m)
1 19-Nov-20 China Development Bank Corp China 6,500
2 20-Oct-20 Agricultural Development Bank of China (ADBC) China 5,700
3 14-Sep-20 Bank of China Macau Branch (BOC Macau) China 3,000
4 20-Aug-20 QNB Finance Qatar 750
5 12-Aug-20 CIFI Holdings China 1,200