Country Garden unveils interbank Panda offer
Property developer Country Garden Holdings is planning a return to the Panda bond market on Friday, after approaching onshore investors with a Rmb1.8bn ($279.8m) three year bond. It will be the first time the company has sold a Panda in the interbank bond market.
Few borrowers can rival Country Garden’s record in the Panda bond market. The Hong Kong-listed company was one of the first red chip issuers to tap the asset class and after it sealed a Rmb10bn deal in the exchange market in 2016, it continues to hold the