Almost here! China readies Panda bond guidelines

By Paolo Danese
27 Aug 2018

It has been more than a decade in the making, but China is said to have at last finalised draft guidelines for Panda bond issuers, giving the market some much-needed clarity. But questions still remain, especially around the repatriation of proceeds. Paolo Danese reports.

The last official framework for Panda bonds was provided by the National Association of Financial Market Institutional Investors (Nafmii) to SSA issuers in 2005. Since then, borrowers have had to rely on a case-by-case approval process that has severely handicapped the market’s development, including a prolonged period of ...

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