Panda bonds heat up in China’s exchange market

By Rev Hui
14 Jun 2016

A trio of issuers — China Huiyuan Juice Group, Hong Kong Airlines and Global Logistic Properties (GLP) — are preparing offerings in China’s Panda bond exchange market.

First out of the blocks is Huiyuan Juice, which is in testing appetite for a not more than Rmb1.4bn ($212m) three year trade at guidance of 5.8%-7.8%.

China Merchant Securities is lead underwriter for the private placement, retaining the role it held in the company’s previous Panda bond, ...

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