Home MARKETS Currencies Updated: CMP sells Belt and Road Panda in Shenzhen

Updated: CMP sells Belt and Road Panda in Shenzhen

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China Merchants Port Holdings sealed its first Panda deal on the Shenzhen Stock Exchange on Monday, raising Rmb500m ($79.5m) from a three year bond. The red chip issuer will take the proceeds offshore to finance its Belt and Road Initiative-linked purchase of the Hambantota port in Sri Lanka.

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GlobalRMB Panda Bonds league table

Rank Arranger Share % by Volume
1 Industrial and Commercial Bank of China (ICBC) 34.48
2 CITIC Securities 25.86
3 HSBC 8.62
3 Standard Chartered Bank 8.62
3 Bank of China (BOC) 8.62

Panda Bond Database

Pricing Date Issuer Country Size Rmb (m)
1 05-Feb-18 China Merchants Port Holdings (CMP) Hong Kong 500
2 01-Feb-18 The Emirate of Sharjah United Arab Emirates 2,000
3 25-Jan-18 Sino-Ocean Group Holdings Hong Kong 3,000
4 18-Jan-18 Shenzhen International Holdings China 300
5 12-Jan-18 Mitsubishi UFJ Financial Group (MUFG) Japan 1,000

Offshore RMB Bond Top Bookrunners

Rank Bookrunner Share % by Volume
1 Standard Chartered Bank 63.49
2 CLSA 15.87
2 Mitsubishi UFJ Financial Group (MUFG) 15.87
4 Credit Agricole 4.76

Latest Offshore RMB Bonds

Pricing Date Issuer Country Size Rmb (m)
1 30-Jan-18 Rabobank The Netherlands 500
2 17-Jan-18 Asian Development Bank (ADB) Philippines 100
3 17-Jan-18 IL&FS Transportation Networks India 100
4 10-Jan-18 IL&FS Transportation Networks India 900
5 08-Jan-18 Westpac Australia 500

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