GlobalRMB'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.



 

 

 

GlobalRMB Panda Bonds league table

Rank Arranger Share % by Volume
1 China Merchants Securities Co 14.44
2 Industrial and Commercial Bank of China (ICBC) 11.65
3 Bank of China (BOC) 10.33
4 CITIC Securities 8.41
5 Agricultural Bank of China (ABC) 7.17

Panda Bond Database

Pricing Date Issuer Country Size Rmb (m)
1 17-Jan-19 Everbright Water China 700
2 10-Jan-19 Beijing Enterprises Water Group China 2,000
3 18-Dec-18 Bank of China Group Investment China 2,000
4 17-Dec-18 Hungary Hungary 2,000
5 06-Dec-18 China Gas Holdings China 1,300

Offshore RMB Bond Top Bookrunners

Rank Bookrunner Share % by Volume
1 Standard Chartered Bank 47.62
2 ANZ 19.05
2 Deutsche Bank 19.05
4 China Development Financial Holding Corp 14.29

Latest Offshore RMB Bonds

Pricing Date Issuer Country Size Rmb (m)
1 31-Jan-19 Emirates NBD United Arab Emirates 400
2 23-Jan-19 Goldman Sachs United States 150
3 22-Jan-19 QNB Finance Qatar 500
4 03-Dec-18 Huzhou Communications Investment Group China 500
5 22-Nov-18 Bank of China Tokyo Branch (BOC Tokyo) China 800