GlobalRMB's Panda Bond Database
aims, but cannot guarantee, to include every Panda Bond placed with institutional investors. Panda Bonds are defined as renminbi-denominated bonds issued in the Chinese onshore market by issuers incorporated outside China. This includes red chips, China-based companies that are listed and incorporated outside China. The country of each deal is designated by the country of the issuer parent, so red chip deals appear as China in the database, irrespective of where the issuing entity is incorporated. Private placements are excluded from league table calculations. Notes classified as commercial papers are not included in the database.

Individual deal details will open in a new browser tab when you click View.


Latest Deals

Pricing Date Issuer Country Size Rmb (m)
1 08-Aug-18 Veolia Environnement SA France 1,000
2 19-Jul-18 Beijing Enterprises Water Group China 3,000
3 19-Jul-18 Global Logistic Properties via Iowa China Offshore Holdings Hong Kong 1,500
4 13-Jul-18 Global Logistic Properties via Iowa China Offshore Holdings Hong Kong 2,000
5 13-Jul-18 Hang Lung Properties Hong Kong 1,000

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GlobalRMB Panda Bonds league table

Rank Arranger Share % by Volume
1 China Merchants Securities Co 20.18
2 Industrial and Commercial Bank of China (ICBC) 14.26
3 CITIC Securities 12.06
4 Agricultural Bank of China (ABC) 10.97
5 China CITIC Bank Corp 9.87

Panda Bond Database

Pricing Date Issuer Country Size Rmb (m)
1 08-Aug-18 Veolia Environnement SA France 1,000
2 19-Jul-18 Beijing Enterprises Water Group China 3,000
3 19-Jul-18 Global Logistic Properties via Iowa China Offshore Holdings Hong Kong 1,500
4 13-Jul-18 Global Logistic Properties via Iowa China Offshore Holdings Hong Kong 2,000
5 13-Jul-18 Hang Lung Properties Hong Kong 1,000

Offshore RMB Bond Top Bookrunners

Rank Bookrunner Share % by Volume
1 Standard Chartered Bank 33.47
2 HSBC 19.33
3 Societe Generale 4.75
4 Bank of Taiwan 4.07
4 Cathay United Bank 4.07

Latest Offshore RMB Bonds

Pricing Date Issuer Country Size Rmb (m)
1 21-Jun-18 Shimao Property Holdings China 1,200
2 19-Jun-18 Korea Development Bank (KDB) South Korea 1,750
3 07-Jun-18 Export-Import Bank of Korea (Kexim) South Korea 1,500
4 23-May-18 QNB Finance Qatar 600
5 16-May-18 First Abu Dhabi Bank PJSC United Arab Emirates 1,100