Foreign Trade
Seaspan Accesses China's Panda Bond Market as First International Shipping Operator
Seaspan Corporation successfully issued a RMB 1.5 billion Panda Bond on July 15, 2026, becoming the first international ship owner and operator to access China's domestic bond market. The three-year private placement note carried a coupon rate of 2.50% per annum and was oversubscribed with a book coverage ratio of 2.3 times. The transaction diversifies Seaspan's capital sources and supports its fleet investment strategy.
