GLP makes Rmb1.5bn Panda bond debut

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By Rev Hui
12 Jul 2016

Global Logistic Properties this week became the first international corporate to publicly issue a Panda bond, successfully closing a Rmb1.5bn ($224m) dual-tranche offering on Monday.

Panda bonds have gained plenty of traction since the asset class was rebooted in September 2015, with 19 deals executed worth a combined Rmb84.1bn, according to GlobalRMB's Panda bond database.

While financial institutions and SSA credits have all been quick to incorporate the product into fundraising plans, ...

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