Car debuts Panda in rare public exchange bond

By Noah Sin
27 Apr 2017

Car has entered the Panda bond market with a rare public deal on the Shanghai Stock Exchange (SSE). Wilson Li, CFO at Car, told GlobalRMB that the move will help the red-chip company build credentials in the onshore bond market.

While there have been plenty of publicly syndicated deals in the Panda market, almost without exception they have been sold in the China interbank bond market. Likewise, most Pandas on the exchange market are private placements. Most recently, Russian aluminium company Rusal took the private placement route ...

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