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 New Development Bank 7,000 2 19.28
2 Mengniu Dairy 3,500 3 9.64
3 China Traditional Chinese Medicine Holdings 3,200 2 8.82
4 Asian Infrastructure Investment Bank 3,000 1 8.26
4 Hengan International Group 3,000 4 8.26

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