This league table is based on GlobalCapital China's proprietary Panda Bond Database. Private placements are excluded.

Panda Bond Top Issuers

Rank Issuer Total Volume Rmb (m) No. of Deals Share % by Volume
1 Semiconductor Manufacturing International Corp (SMIC) 6,500 5 17.91
2 GLP 3,300 1 9.09
3 BMW Finance N.V. 3,000 1 8.26
3 New Development Bank 3,000 1 8.26
5 China Traditional Chinese Medicine Holdings 2,800 1 7.71

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