• Chexim hops on the green bond bandwagon

    The Export-Import Bank of China raised Rmb1bn ($143.8m) from its debut green bond this month, marking the first green debt to be sold by a policy bank in the Mainland.

    • 22 Dec 2016
  • Country Garden raises $1.5bn in two currencies

    Property developer Country Garden Holdings has signed a $1.5bn dual currency syndicated loan for general corporate purposes, including prepayment of debt.

    • 09 Dec 2016
  • Shanghai Rmb3bn muni bond throws open FTZ market

    The Shanghai Municipal government priced the first free trade zone (FTZ) bond on Thursday, marking the launch of a third bond market in China.

    • 08 Dec 2016
  • CSC mops up $993m from year's last big Asia IPO

    CSC Financial Co has priced Asia's last jumbo IPO of 2016, selling shares in its Hong Kong listing in the middle of expectations to raise HK$7.7bn ($992.5m).

    • 06 Dec 2016
  • Chinese duo end busy day with $900m bonds

    China’s Shougang Corp and ABC International were among the mix of five bond offerings by Asian issuers on Wednesday in the offshore bond market.

    • 01 Dec 2016
  • Chinese issuers storm Asia DCM in pre-December flurry

    Asia’s debt capital markets opened with a bang on Wednesday with five issuers fighting for attention. Investors have plenty of choice including a euro deal and a trio of dollar offerings from Chinese FIG and corporate names.

    • 30 Nov 2016
  • CSC Financial kicks off order-taking for $1.1bn IPO

    State-owned CSC Financial Co has opened books on its HK$8.2bn ($1.1bn) IPO in Hong Kong, with value seen for the shares at the low end of the price range.

    • 28 Nov 2016
  • China Securities eyes $1bn-plus IPO in HK

    China Securities Finance Co is poised to be the fourth brokerage to raise about $1bn in a Hong Kong IPO this year when it launches on Monday, having set terms for the trade.

    • 25 Nov 2016
  • Shanghai FTZ bonds to finally surface

    Free trade zone (FTZ) bonds are finally about to emerge in China, with the Shanghai Municipal Finance Bureau releasing a set of guidelines on the underwriting process of the city’s upcoming transaction.

    • 22 Nov 2016
  • ABC HK hires two loan syndication bankers

    Two bankers have joined the loan syndication team of Agricultural Bank of China in Hong Kong in recent months, according to sources.

    • 21 Nov 2016
  • Asian ECM trumps Trump as markets shrug off win

    Asia’s equity capital markets recovered quickly in the wake of Donald Trump winning the White House, with most of the indices regaining their losses in Thursday’s trading. Primary issuance also took off, with some keen issuers pulling the trigger on their IPOs. Jonathan Breen reports.

    • 10 Nov 2016
  • Datang seals HK$2bn IPO as Gold One eyes $200m float

    Datang Environment Industry Group Co has bagged HK$2.0bn ($257.9m) after sealing its second attempt at an IPO.

    • 10 Nov 2016
  • CNEC’s dim sum ambition finally comes to fruition

    China Nuclear Engineering Group Co pushed out its debut dim sum deal last Friday to get ahead of the US election this week. Despite the volatility, the transaction garnered Rmb2.7bn ($399.3m) in orders, with the issuer bagging Rmb1.5bn.

    • 07 Nov 2016
  • ABC NY slapped with $215m fine for AML violations

    The US Department of Financial Services has fined the New York branch of Agricultural Bank of China $215m for violating local anti-money laundering (AML) laws. The regulator also said that the bank obscured dollar clearing transactions of Chinese and Russian companies, apparently by issuing counterfeit and falsified invoices.

    • 07 Nov 2016
  • CNEC fires up inaugural dim sum bond

    China Nuclear Engineering Group Co (CNEC) is taking another shot at getting its debut CNH bond off the ground, after pulling a dim sum offering back in December 2015.

    • 04 Nov 2016
  • Debut NBC Panda takes Belt and Road route

    National Bank of Canada became the first North American lender to sell a Panda bond on Wednesday, raising Rmb3.5bn ($517m) from a three year note. What stood out, however, was not the deal execution but how the lender managed to convince the regulators that the sale aligns with China’s Belt and Road initiative.

    • 03 Nov 2016
  • CNEC tries for third time lucky with dim sum outing

    State-owned China Nuclear Engineering Group Co (CNEC) has hired banks to test appetite for its inaugural CNH bond — the third time it is attempting to sell a dim sum deal.

    • 02 Nov 2016
  • DGCX preps first offshore RMB gold contract

    The Dubai Gold and Commodities Exchange (DGCX) has announced plans to launch a renminbi futures contract, with Gaurang Desai, CEO of the exchange, telling GlobalRMB the contract has already received regulatory approval.

    • 02 Nov 2016
  • First Canadian FIG Panda to launch on Wednesday

    China’s domestic fixed income market is set for another milestone with National Bank of Canada (NBC) poised to sell a Panda bond on Wednesday – becoming the first North American bank to do so.

    • 31 Oct 2016
  • Investors climb up China Great Wall $1.5bn bond

    China Great Wall Asset Management Corp priced a dual-tranche offering on Thursday, finding strong demand for its deal. The relatively small size and the timing of the transaction worked in favour of the bad debt manager, according to bankers.

    • 21 Oct 2016
  • China Great Wall attracts bids with yield pick-up

    China Great Wall Asset Management Corp launched its dual-tranche offering on Thursday morning.

    • 20 Oct 2016
  • China Great Wall, BoCom Leasing leap into market

    China Great Wall International Holdings III and Bank of Communications Financial Leasing Co are preparing to hit the road for their respective senior unsecured dollar offerings.

    • 18 Oct 2016
  • Chinese issuers keep bond momentum going

    China Construction Bank Hong Kong, Fantasia Holdings Group and Jinan West City Investment and Development Group were out in full force in the dollar bond market on Tuesday.

    • 27 Sep 2016
  • China Resources Cement, Hengan Int ink debut Pandas

    A pair of red chip companies created their respective benchmarks in the Panda bond market this week, raising a combined Rmb5bn ($749m).

    • 08 Sep 2016
  • Sustainable and Responsible Capital Markets Awards 2016: the Winners

    GlobalCapital announces the results of its first full scale, standalone set of Sustainable and Responsible Capital Markets Awards.

    • 07 Sep 2016
  • China Huarong mandates banks for perp

    China Huarong Asset Management is preparing to return to the debt market, mandating firms for a perpetual Reg S offering.

    • 05 Sep 2016
  • Limited supply fuels CCB's dim sum ride

    China Construction Bank’s Singapore branch sealed a Rmb1bn ($150m) dim sum transaction Thursday, putting an end to a one-month silence in the offshore renminbi (CNH) debt market.

    • 12 Aug 2016
  • ABC keeps NPL securitization momentum going

    The budding Chinese non-performing loans securitization market recorded its fourth transaction in little more than two months with Agricultural Bank of China (ABC) completing a Rmb3.06bn ($462m) offering — the largest on record since the asset class restarted this year.

    • 01 Aug 2016
  • HK IPO round-up: Foxconn, Chengdu Xingrong, Nanfang

    Hon Hai-owned Foxconn Interconnect Technology, also known as FIT Hon Teng, is eyeing a listing in Hong Kong that could fetch up to $600m after the summer, said sources close to the deal.

    • 05 Jul 2016
  • BOC eyes landmark green bond

    Bank of China has hit the market for its multi-currency green bond, with an offshore renminbi portion in only the second time a green dim sum bond has been sold.

    • 05 Jul 2016
  • Three LGFVs build on market re-opening

    Two entities of China’s Chonqing municipality — the Nan’an district financing vehicle and the Chonqing Grain Group — have mandated banks for potential deals while Huai’an’s local government financing vehicle is also seeking a new bond.

    • 04 Jul 2016
  • ABC Leasing joins peers with maiden bond

    ABC Financial Leasing found a window on Monday to sell its maiden offshore bond ahead of what is expected to be a volatile second half of the week. Unsurprisingly, the deal was largely bought by onshore Chinese accounts, which helped the issuer achieve its fundraising goal.

    • 14 Jun 2016
  • ABC Leasing sets out for debut international bond

    ABC Financial Leasing has launched bookbuilding for its maiden outing to the international bond market, becoming the latest Chinese firm in the financial leasing sector to seek dollars.

    • 13 Jun 2016
  • ABC Leasing follows peers into dollar bonds

    ABC Financial Leasing has picked banks as it gets ready for a dollar appearance as early as next week.

    • 07 Jun 2016
  • China Resources Land seals Rmb5bn Panda bond

    China Resources Land successfully sold a Rmb5bn (759m) dual-tranche Panda bond this week, becoming the first real estate company to print this format in China’s interbank bond market.

    • 01 Jun 2016
  • ABC, ICBC combo drives US renminbi ambitions

    The US has finally engaged with the internationalisation of the renminbi after years of stubbornly ignoring the currency’s rise. Market participants have welcomed the Rmb617m ($94.15m) worth of instruments issued by the New York branches of Agricultural Bank of China (ABC) and Industrial and Commercial Bank of China (ICBC), but say the developments are long overdue. Rev Hui reports.

    • 26 May 2016
  • Panda silence broken by Chong Hing Bank

    The four month hiatus in Panda bond issuance in China’s interbank bond market has ended with Chong Hing Bank’s Rmb1.5bn ($229m) note.

    • 26 May 2016
  • ABC NY takes unusual approach with dual-trancher

    Agricultural Bank of China New York raised $1.25bn from a dual-tranche offering on Monday, hitting the market early given expectations of more supply over the week. The issuer sealed a bigger floating rate note as it provides protection against volatility induced by the Federal Reserve, but executed the trade in an unusual manner.

    • 10 May 2016
  • ABC NY out with new dual tranche dollar bond

    Agricultural Bank of China New York has returned to the offshore bond market, having started bookbuilding for a dual-tranche dollar transaction on Monday morning.

    • 09 May 2016
  • Dongfeng Peugeot Citroën readies Rmb1bn China auto ABS

    Dongfeng Peugeot Citroën is planning to start the bookbuilding process for a Rmb1bn ($155m) securitization of auto loan mortgages next week.

    • 03 May 2016
  • NPL ABS to get off-balance sheet treatment

    The securitization of non-performing loans by Chinese banks is gaining plenty of traction as they are set to achieve off-balance sheet accounting treatment — one of the major hurdles for the development of the asset class.

    • 14 Apr 2016
  • CAR, CRLand, Daimler lead Panda bonanza

    The Chinese Panda bond market is starting to heat up with a slew of corporates in the midst of preparing their respective trades.

    • 23 Mar 2016
  • DBS starts marketing debut Panda, but approval pending

    The Panda bond market is looking crowded this week. Joining German car maker Daimler is Singapore’s DBS Bank which is marketing its debut Panda, several sources have told GlobalRMB.

    • 17 Mar 2016
  • Bank of Tianjin guages appetite as Concor prices

    Bank of Tianjin has commenced pre-deal investor education to test the waters for its $1bn Hong Kong IPO, say bankers.

    • 11 Mar 2016
  • ABC International’s head of DCM joins China Huarong

    China Huarong Asset Management has hired Richard Zhang in the newly created role of investment director to lead and oversee investment, with a focus on expanding the asset manager's offshore allocation.

    • 25 Feb 2016
  • ABC seeks approval for tier two issuance

    One of China’s big four banks, Agricultural Bank of China, is seeking shareholder approval to issue Rmb80bn ($12.16bn) worth of Basel III tier two capital notes in the period up to the end of 2018.

    • 25 Jan 2016

Panda Bonds Top Arrangers

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

Bookrunners of Asia-Pac (ex-Japan) ECM

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 Morgan Stanley 22.44 89 7.39%
2 CITIC Securities 19.78 121 6.52%
3 China International Capital Corp Ltd 19.76 95 6.51%
4 Goldman Sachs 17.76 107 5.85%
5 China Securities Co Ltd 15.52 60 5.11%

Bookrunners of Asia Pacific (ex-Japan) G3 DCM

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 HSBC 28.85 223 7.62%
2 Citi 28.41 169 7.50%
3 JPMorgan 19.37 134 5.12%
4 BofA Securities 18.70 103 4.94%
5 Standard Chartered Bank 17.89 163 4.72%

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