China Power, GLP return to Pandas after new rules unveiled
Red chip China Power International and Singapore’s Global Logistics Properties (GLP) were the first to tap the Panda market after the People’s Bank of China finally delivered the rules for issuers in the asset class.
China Power raised Rmb2bn ($288m) from its deal, the second Panda bond from the energy sector this year. Joint lead underwriters Bank of Communications and Minsheng Bank priced the
three year bond at 4.15% on Monday, according to