Deutsche bags bond licence in China, eyes Panda deals

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By Noah Sin
12 Jul 2018

In a sign of warming relations between China and Germany, regulators in China gave Deutsche Bank the licence to underwrite corporate bonds in the interbank market. But the bank has its sights set on a bigger prize — the right to joint lead underwrite Panda bonds for corporate issuers.

The two governments agreed to grant Deutsche Bank the licence to underwrite non-financial corporate bonds, following a meeting between Angela Merkel, the German chancellor, and Li Keqiang, the Chinese premier, on Monday, according to a July 9 report by the state-owned Xinhua news agency.

The German lender is looking to scoop ...

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