China Resources Land seals Rmb5bn Panda bond

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By Narae Kim
01 Jun 2016

China Resources Land successfully sold a Rmb5bn (759m) dual-tranche Panda bond this week, becoming the first real estate company to print this format in China’s interbank bond market.

The company wrapped up its Panda bond on Monday, it said, split between a Rmb3bn 3.2% three year and a Rmb2bn 3.6% five year. 

Agricultural Bank of China and Citic Securities had worked on the trade since March, when CRLand said that it had applied to sell a ...

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