Seaspan becomes first international shipowner to tap panda bond market

Bing Chen-led Seaspan Corporation has become the first international shipowner and operator to access China’s domestic panda bond market, raising RMB1. 5bn ($209m) through a three-year private placement. The bond was issued with a coupon of 2. 5% and attracted strong demand from both Chinese onshore and international investors. The orderbook was 2.