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 17.65
2 Mengniu Dairy 3,500 3 8.83
3 Hengan International Group 3,350 5 8.45
4 China Traditional Chinese Medicine Holdings 3,200 2 8.07
5 Asian Infrastructure Investment Bank 3,000 1 7.57

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