Daimler puts plans in place for first Panda

German car maker Daimler is planning to sell its first Panda bond, which would make it the first foreign, non-financial company to access China’s domestic market.

  • By Steven Gilmore
  • 24 Jan 2014

The German issuer would be only the third Panda issuer ever, and the first to bring a transaction since 2005, when the Asian Development Bank and International Finance Corporation sold bonds.

Bank of China will be the bookrunner on Daimler’s MTN, and the format means it will be ...

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5 Citi 17,352.89 69 5.45%