Home MARKETS Currencies Updated: Sino-Ocean lines up second Panda in two weeks

Updated: Sino-Ocean lines up second Panda in two weeks


As China’s domestic bond market continues to suffer from a deleveraging campaign, Sino-Ocean Property Holdings is again turning to the Panda market for funding – less than two weeks after it last tapped the asset class.

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GlobalRMB Panda Bonds league table

Rank Arranger Share % by Volume
1 Industrial and Commercial Bank of China (ICBC) 28.57
2 China Merchants Securities Co 24.29
3 CITIC Securities 21.43
4 HSBC 7.14
4 Standard Chartered Bank 7.14

Panda Bond Database

Pricing Date Issuer Country Size Rmb (m)
1 06-Feb-18 Global Logistic Properties via Iowa China Offshore Holdings Hong Kong 1,200
2 05-Feb-18 China Merchants Port Holdings (CMP) Hong Kong 500
3 01-Feb-18 The Emirate of Sharjah United Arab Emirates 2,000
4 25-Jan-18 Sino-Ocean Group Holdings Hong Kong 3,000
5 18-Jan-18 Shenzhen International Holdings China 300

Offshore RMB Bond Top Bookrunners

Rank Bookrunner Share % by Volume
1 Standard Chartered Bank 68.23
2 CLSA 9.75
2 Mitsubishi UFJ Financial Group (MUFG) 9.75
4 Credit Agricole 2.92
5 CTBC Bank (formerly Chinatrust Commercial Bank) 1.87

Latest Offshore RMB Bonds

Pricing Date Issuer Country Size Rmb (m)
1 08-Feb-18 Sinochem Offshore Capital Company China 1,000
2 30-Jan-18 Rabobank The Netherlands 500
3 17-Jan-18 Asian Development Bank (ADB) Philippines 100
4 17-Jan-18 IL&FS Transportation Networks India 100
5 10-Jan-18 IL&FS Transportation Networks India 900