Seaspan Issues 1.5 Billion Yuan Panda Bond in China
Seaspan Corporation has become the first international ship owner and operator to access China's domestic bond market with a 1.5 billion yuan issuance. The three-year private placement note was successfully placed.
Singapore, November 6, 2026 – Seaspan Corporation, a maritime asset owner and operator, announced today the successful issuance of a RMB 1.5 billion ($200 million) Panda Bond in China's domestic bond market. This marks Seaspan as the first international ship owner and operator to tap into this financing channel.
The three-year private placement note garnered significant investor interest, according to the company’s statement. Panda Bonds are debt securities issued in China by non-Chinese entities.
Seaspan specializes in owning and operating large container ships and LNG carriers. The company's move into the Panda Bond market signals its strategy to diversify funding sources and enhance its presence in Asian capital markets.
The proceeds from the issuance are intended to support the company's growth strategy and existing fleet. Further details regarding the specific terms of the bond or its use were not immediately disclosed.