Updated: Panda market enjoys variety as red-chips, SSAs jump in

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By Noah Sin
31 May 2018

The Panda bond pipeline is bursting at the seams with red chip Chinese names and SSAs preparing for renminbi deals, prompting some in the market to predict a new era of growth for the asset class.

Three Chinese state-owned borrowers — Beijing Enterprises Clean Energy Group (BECE), China Power International Development and China Merchants Group — have filed for issuance programmes to raise Rmb6.3bn ($982m) from Panda notes between them.

Citic Pacific, meanwhile, debuted with a three year 4.9% Panda bond in Shanghai ...

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