Mind the GAAP: Challenges persist for European Panda issuers
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Mind the GAAP: Challenges persist for European Panda issuers

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European corporations have had an easier time selling Panda bonds than those from other parts of the world, thanks to Chinese regulators’ acceptance of their accounting standards. But a recent deal with a guarantee structure — a rarity in the budding asset class — appears to threaten that ease of access.

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