Updated: South Korea prices first sovereign Panda bond

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By Carrie Hong, Narae Kim
15 Dec 2015

The South Korean government became the first sovereign credit to price a Panda bond on December 15. The country raised Rmb3bn ($467m) from the three year, which saw at least one offshore investor participating, sources close to the deal told GlobalCapital Asia’s sister publication, GlobalRMB.

When the Korean government announced its plan to become the first sovereign issuer in the Panda bond market, it was not sure if the bond would materialise by the end of 2015. 

“The Panda plan only began to develop in full after [People's Republic of China's premier] Li Keqiang’s ...

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