Portugal set for Panda debut

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By Burhan Khadbai
21 May 2019

Portugal mandated Bank of China and HSBC on Tuesday to place its first renminbi bonds on the China interbank bond market, as it looks to become the first eurozone sovereign to issue Panda bonds.

The sovereign’s Panda bonds will be offered to both onshore and offshore institutional investors, including through the Bond Connect, according to the mandate announcement.

Bond Connect is an interconnection, opened in 2017, that allows investors in mainland China and in Hong Kong to buy bonds in each other’s ...

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