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 7,000 2 25.83
2 Mengniu Dairy 3,500 3 12.92
3 Asian Infrastructure Investment Bank 3,000 1 11.07
3 Hengan International Group 3,000 4 11.07
3 Semiconductor Manufacturing International Corp (SMIC) 3,000 2 11.07

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