Daimler blazes new RMB trail with Panda debut
A new Panda bond issue by Daimler, a Germany car manufacturer, has established a milestone in RMB funding for offshore borrowers, marking the first ever such deal from a corporate name. The Rmb500m ($81m) one-year paper priced at 5.2% on Friday, March 14 and was privately placed through Bank of China.
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