China Citic Bank nails Rmb3bn debut Panda bond

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China Citic Bank nails Rmb3bn debut Panda bond

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China Citic Bank International issued its first Panda bond this week, pricing a Rmb3bn ($437m) three year. The proceeds will remain onshore, but it is understood the deal will help meet the borrower’s funding needs for both the mainland and Hong Kong.

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