Debut NBC Panda takes Belt and Road route

Paolo Danese,

Rev Hui

November 03, 2016 07:45 am

panda toy belt 230px

National Bank of Canada became the first North American lender to sell a Panda bond on Wednesday, raising Rmb3.5bn ($517m) from a three year note. What stood out, however, was not the deal execution but how the lender managed to convince the regulators that the sale aligns with China’s Belt and Road initiative.

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Topics

China Merchants Bank Co China Americas ICBC Greater China Asia Senior Debt China Bonds Bank of China Northeast Asia China Asia Pacific Agricultural Bank of China North America FIG Canada Standard Chartered Emerging Markets

PD

Paolo Danese

RH

Rev Hui