Deutsche bags bond licence in China, eyes Panda deals

Noah Sin

July 12, 2018 12:00 pm

Deutsche_Bank_towers_PA_230x150 — The headquarters of Deutsche Bank in Frankfurt, Germany, photographed on 23 April 2015. Due to the Libor scandal, which involved the fraudulent manipulation of interest rates, Deutsche Bank was fined a total of 2.5 billion US dollars. PHOTO: CHRISTOPH SCHMIDT/dpa | Christoph Schmidt/DPA/PA Images

In a sign of warming relations between China and Germany, regulators in China gave Deutsche Bank the licence to underwrite corporate bonds in the interbank market. But the bank has its sights set on a bigger prize — the right to joint lead underwrite Panda bonds for corporate issuers.

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Asia Market news Deutsche Bank China People and Markets Market News Asia Greater China China Bonds Northeast Asia News content China Asia Pacific EM People and Markets Emerging Markets China People and Markets

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Noah Sin