This league table is based on GlobalCapital China's proprietary Panda Bond Database. Private placements are excluded.

Panda Bond Top Issuers

Rank Issuer Total Volume Rmb (m) No. of Deals Share % by Volume
1 New Development Bank 5,000 1 34.48
2 Asian Development Bank (ADB) 2,000 1 13.79
2 Mengniu Dairy 2,000 1 13.79
4 GLP 1,500 1 10.34
5 China Everbright Water 1,000 1 6.90

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