CSRC approves CAR’s Panda bond debut

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By Addison Gong
09 Aug 2016

CAR, formerly known as China Auto Rental, is one step further along with its plan to sell a Panda bond, having received approval from China Securities Regulatory Commission (CSRC).

The Chinese car rental service provider is looking to raise up to Rmb2bn ($300m), and will issue the bonds in tranches into China’s exchange bond market.

Though CSRC’s approval came on July 11, no specific time frame has been set for the Panda outing, according to a source close ...

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