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.



 

 

 

Panda Bonds league table

Rank Arranger Share % by Volume
1 Bank of China (BOC) 27.09
2 Industrial and Commercial Bank of China (ICBC) 12.86
3 China Merchants Bank Co 11.85
4 China Merchants Securities Co 9.09
5 Agricultural Bank of China (ABC) 5.51

Panda Bond Database

Pricing Date Issuer Country Size Rmb (m)
1 08-Nov-19 Daimler Germany 5,000
2 17-Oct-19 BMW Finance N.V. Germany 3,000
3 12-Oct-19 China Traditional Chinese Medicine Holdings China 2,800
4 10-Oct-19 Semiconductor Manufacturing International Corp (SMIC) China 1,500
5 03-Sep-19 China Power International Development China 2,000

Offshore RMB Bond Top Bookrunners

Rank Bookrunner Share % by Volume
1 Standard Chartered Bank 24.69
2 Credit Agricole 10.04
3 Bank of China (BOC) 8.08
4 Bank of China (Hong Kong) (BOCHK) 8.05
5 Bank of Communications (BOCOM) 6.39

Latest Offshore RMB Bonds

Pricing Date Issuer Country Size Rmb (m)
1 04-Nov-19 China Construction Bank Singapore branch (CCB Singapore) China 1,000
2 30-Oct-19 Agricultural Development Bank of China (ADBC) China 5,500
3 24-Oct-19 China National Nuclear Corp China 1,000
4 09-Oct-19 Bank of China Macau Branch (BOC Macau) China 2,000
5 24-Sep-19 Daimler International Finance Germany 500