Latest RMB bond news

  • GLP eyes long term funding with interbank Panda

    Global Logistic Properties returned to the Panda bond market with a five year note on October 13, raising Rmb1bn ($151.8m). But unlike its last issuance in 2016, GLP opted for the interbank instead of the exchange market, as the company searches for longer-term RMB funding for its China business.

    • 16 Oct 2017
  • Nissan’s China JV jumps on Bond Connect bandwagon

    Dongfeng-Nissan Auto Finance has tapped the Chinese asset-backed securities (ABS) market for a third time this year with a Rmb3.5bn ($531.9m) two-tranche deal. The company made its first attempt to attract foreign investors trading through Bond Connect in the October 12 deal – with mixed results.

    • 13 Oct 2017
  • China picks banks for rare dollar bond deal

    The Chinese Ministry of Finance (MoF) has begun mandating underwriters to issue two tranches of sovereign dollar bonds – the country’s first outing in the dollar market for more than a decade.

    • 12 Oct 2017
  • Dim sum gets shot in the arm: BOC Avi, BMW issue

    Don’t write an obituary for the dim sum bond market just yet. BOC Aviation and BMW showed there are still signs of life this week, pricing a pair of three year bonds that added variety to a market that clearly needs it.

    • 12 Oct 2017
  • Dim sum still alive: BOC Aviation, BMW return for deals

    BOC Aviation and BMW set out to sell offshore renminbi bonds on Wednesday, marking a return to the market for both issuers.

    • 11 Oct 2017
  • StanChart to expand China ABS offering

    Like most foreign banks in the Chinese securitization market, Standard Chartered has focused on doing business with foreign originators. But now it wants to compete more directly with local underwriters by entering the growing asset-backed notes (ABN) market, Wesley Yang, the bank’s head of financial markets for China, told GlobalRMB.

    • 11 Oct 2017
  • Chinese absence an opportunity, and a test, for Asia bonds

    Chinese issuers and investors are likely to be largely absent from the dollar bond market for the next few weeks, as the country prepares for a crucial meeting of Communist Party officials. The slowdown will be a good chance for issuers from elsewhere in the region to tap the market — and demonstrate whether Asia’s bond market can remain standing without Chinese liquidity.

    • 10 Oct 2017
  • Nissan’s JV reverts to old format for next China ABS

    As Dongfeng-Nissan Auto Finance prepares for its third transaction in China’s asset backed securities (ABS) market this year – a Rmb3.5bn ($527.4m) two-tranche deal – the originator is ditching the single tranche structure it switched to for its August transaction.

    • 03 Oct 2017
  • GLP in mood for change in Panda return

    Global Logistic Properties is coming back to the Panda bond market after a year-long absence, approaching the interbank market with a Rmb1bn ($150.7m) five year note pricing on October 13. But while investors will be familiar with the issuer, the new bond bears little resemblance to GLP’s previous offer.

    • 03 Oct 2017
  • RMB round-up: ADB adjusts China growth forecast, China current account surplus down in H1, Philippines starts Panda roadshow in China

    The Asian Development Bank (ADB) revises up its China economic growth forecast, China’s current account surplus falls to $69.3bn in the first half, and officials from the Philippines begin their roadshow for the country’s first Panda bond issuance.

    • 29 Sep 2017

RMB bond news archive

GlobalRMB Panda Bonds league table

Rank Arranger Share % by Volume
1 Bank of China (BOC) 28.15
2 CITIC Securities 21.52
3 China CITIC Bank Corp 9.93
4 China Merchants Bank Co 9.38
5 Industrial and Commercial Bank of China (ICBC) 7.73

Panda Bond Database

Pricing Date Issuer Country Size Rmb (m)
1 13-Oct-17 Global Logistic Properties Singapore 1,000
2 19-Sep-17 Skyworth Digital Holdings China 2,000
3 14-Sep-17 Bank of China (Hong Kong) (BOCHK) China 9,000
4 05-Sep-17 Joy City China 1,000
5 01-Sep-17 Rusal Russian Federation 500

Offshore RMB Bond Top Bookrunners

Rank Bookrunner Share % by Volume
1 Standard Chartered Bank 23.14
2 JP Morgan 22.86
3 HSBC 20.06
4 Credit Agricole 15.43
5 Barclays 4.63

Latest Offshore RMB Bonds

Pricing Date Issuer Country Size Rmb (m)
1 11-Oct-17 BMW Finance NV The Netherlands 1,000
2 11-Oct-17 BOC Aviation Singapore 1,000
3 28-Sep-17 National Bank of Canada Canada 600
4 22-Sep-17 Royal Bank of Canada Canada 900
5 01-Jun-17 Ocean Wealth (Parent: China Orient Asset Management) China 632