Red chips find company with Panda bonds

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By Carrie Hong
14 Jan 2016

China’s Panda bond market has gained further momentum with successful issues from a pair of offshore listed companies on the country’s exchange market.

Powerlong Real Estate Holdings offered a dual-tranche Rmb200m ($30.4m) five year non call three and Rmb300m four year non call two bond on December 28 last year, becoming the first Panda bond issuer in the onshore exchange bond market. The company printed the tranches respectively at 7.3% and ...

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