Seaspan issues 1 5 billion yuan Panda Bond in landmark Chinese debut

Seaspan Corporation has successfully issued a RMB 1.5 billion Panda Bond in China's domestic bond market. This three-year private placement note, with a 2.50% coupon rate, was launched on July 15, 2026. The offering, which attracted both Chinese onshore and international investors, was oversubscribed by a ratio of 2.3 times. This marks the first time an international ship owner and operator has accessed the Panda Bond market, highlighting Seaspan's commitment to diversify its funding sources and enhance its long-term growth strategy.

The issuer's Chief Financial Officer, Andreas Brauch, noted that the transaction underscores investor confidence in Seaspan's creditworthiness, business model, and sustainable growth plans. This significant milestone in Seaspan's participation in Chinese capital markets further solidifies the company's position in the maritime ecosystem, including chartering, shipbuilding, financing, and maritime services.