Daimler unlikely to spark Panda resurgence, say bankers
Daimler’s plans to tap the Chinese Panda bond market caused a stir last week given the rarity of such issues. The German automaker would be only the third name ever to tap the market, after the Asian Development Bank (ADB) and the International Finance Corporation (IFC), and would be the first corporate to do so. But bankers warn that there is little to suggest a flurry of activity will come in its wake. The problem is finding issuers that suit the market — and investors who want to buy.