BC places proceeds offshore for first sub-3% Panda

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By Carrie Hong, Lorraine Cushnie
22 Jan 2016

British Columbia became the first issuer to sell a Panda with a sub-3% coupon on Thursday as its triple-A rating assured investors who were largely unfamiliar with the credit. The Canadian province is parking the proceeds offshore after failing to get tax waiver from China regulators, picking a new bank as the home for its deposit.

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