Seaspan Becomes First International Ship Owner and Operator to Access China’s Panda Bond Market

AI Summary

Seaspan Corporation has become the first international ship owner to issue a Panda Bond in China's domestic market, raising RMB 1.5 billion with a three-year private placement note at a 2.50% coupon rate. The bond was oversubscribed, highlighting investor interest in maritime asset financing in China.

Seaspan Corporation Pte. Ltd. (“Seaspan”), a leading independent maritime asset owner and operator, is pleased to announce the successful issuance of a RMB 1.5 billion Panda Bond in China’s domestic bond market. The three-year private placement note was issued on July 15, 2026, with a coupon rate of 2.50% per annum. The offering was oversubscribed ...