• BOC makes waves with first blue bond

    Bank of China printed Asia’s first blue bond on Monday, with plans to use the roughly $940m raised to benefit ocean-related sustainability projects.

    • 15 Sep 2020
  • BOC goes blue in first for Asia’s bond market

    Bank of China rolled out a dual-currency blue bond on Monday, making it the first borrower in Asia to market a marine sustainability transaction.

    • 14 Sep 2020
  • CréditAg seals Panda bond after three-month hold-up

    Crédit Agricole printed its long-awaited Rmb1bn ($146m) Panda bond this week, after delaying its offering by nearly three months due to volatility in China’s onshore debt market.

    • 11 Sep 2020
  • Trafigura makes annual return to loans, eyes $1bn outing

    Singaporean commodities company Trafigura has returned to the loan market for its annual borrowing, seeking a $1bn-equivalent dual-currency deal.

    • 23 Jul 2020
  • NDB rides on Chinese bank support for tight Panda

    New Development Bank sealed its second Panda bond of the year on Monday. Despite coming out on a ‘miserable’ day for China’s domestic debt market, support from Chinese banks helped the multilateral development bank price a tight deal.

    • 07 Jul 2020
  • CréditAg mandates banks for second senior preferred Panda

    Crédit Agricole has mandated seven banks for its second outing in China's onshore renminbi market. The deal, again taking the form of a senior preferred bond, is expected to price next week.

    • 16 Jun 2020
  • Panda market welcomes flurry of deals

    Two foreign issuers and a red-chip company tapped China’s onshore renminbi bond market this week, taking home Rmb6.2bn ($875m). Two more red-chip borrowers are waiting in the wings, with their deals slated for next week.

    • 05 Jun 2020
  • China’s special Covid-19 treasury bond disappoints in size, sparks debate on central bank’s role

    China is reviving the issuance of its special treasury bonds, a funding tool it has not used since the financial crisis. But bankers were underwhelmed by the Rmb1tr ($140bn) size target — and are also hoping for clarity on how the ‘anti-pandemic’ deal will be financed. Addison Gong reports.

    • 28 May 2020
  • GAC-Sofinco scores record low pricing for ABS outing

    GAC-Sofinco Auto Finance priced a Rmb4bn ($564m) four-tranche auto loan ABS offering on Tuesday. The senior class A1 and A2 tranches were both sealed at coupons below 2%, setting a new record for Chinese auto ABS issuers.

    • 13 May 2020
  • GAC-Sofinco readies four-tranche auto ABS

    GAC-Sofinco Auto Finance is returning to China's auto ABS market next Tuesday with a Rmb4bn ($564m) four-tranche offering. The automaker is set to take advantage of falling bond yields onshore to score tight pricing.

    • 06 May 2020
  • NDB finances emergency loan to China with Panda bond

    New Development Bank, a multilateral development bank established by the five BRICS countries, sold a Rmb5bn ($704m) three year Panda bond on Thursday. All proceeds will be used to fund an emergency loan NDB recently promised to three Chinese provincial governments to help them combat the Covid-19 outbreak. Rebecca Feng reports.

    • 02 Apr 2020
  • BoCom puts more weight on dollars in new triple-trancher

    China’s Bank of Communications came out with a $1.95bn-equivalent three-tranche deal on Thursday. It opted for a bigger dollar portion and a slimmer offshore renminbi (CNH) bond, compared with its last outing.

    • 16 Jan 2020
  • Toyota opens gate for new China auto ABS issuance

    Toyota Motor Finance (China), a Beijing-based wholly-owned subsidiary of Toyota Motor Corp, returned to the Mainland's auto loan ABS market on Tuesday after a two year break. The Rmb4.5bn ($648m) deal was tightly priced.

    • 08 Jan 2020

Panda Bonds Top Arrangers

Rank Arranger Share % by Volume
1 Bank of China (BOC) 19.21
2 China Merchants Bank Co 12.60
3 China Construction Bank (CCB) 10.26
4 Industrial and Commercial Bank of China (ICBC) 9.99
5 Agricultural Bank of China (ABC) 9.30

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 7.45%
2 China International Capital Corp Ltd 19.66 94 6.53%
3 CITIC Securities 19.60 119 6.51%
4 Goldman Sachs 17.76 107 5.90%
5 China Securities Co Ltd 15.52 60 5.16%

Bookrunners of Asia Pacific (ex-Japan) G3 DCM

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 HSBC 28.77 222 7.60%
2 Citi 28.33 168 7.49%
3 JPMorgan 19.30 133 5.10%
4 BofA Securities 18.70 103 4.94%
5 Standard Chartered Bank 17.89 163 4.73%

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