NDB rides on Chinese bank support for tight Panda

Rebecca Feng

July 07, 2020 08:15 AM

Panda_bond_China_PA_575X375_07Jul20 — (200706) -- TAIPEI, July 6, 2020 (Xinhua) -- Giant panda Yuan Zai enjoys its special birthday cake at the Taipei Zoo in Taipei, southeast China's Taiwan, July 6, 2020. Yuan Zai, the female cub of giant panda Tuan Tuan and Yuan Yuan as goodwill gifts to Taiwan by the Chinese mainland, celebrated its seventh birthday in Taipei on Monday. (Xinhua/Jin Liwang) | Jin Liwang/Xinhua News Agency/PA Images

New Development Bank sealed its second Panda bond of the year on Monday. Despite coming out on a ‘miserable’ day for China’s domestic debt market, support from Chinese banks helped the multilateral development bank price a tight deal.

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Topics

China China Construction Bank ICBC Asia Greater China China Bonds Bank of China Northeast Asia China Asia Pacific Agricultural Bank of China Emerging Markets

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Rebecca Feng