First for France as Veolia unveils Rmb1bn Panda bond

By Rev Hui
08 Sep 2016

Veolia Environnement became the first French company and only the second European corporate to issue a Panda bond, raising Rmb1bn ($150m) this month with a privately placed note.

Led by lead underwriter Bank of China, Veolia bagged Rmb1bn on September 1 with a three year that was sold into China’s interbank bond market.

Unlike private placements in the international markets, in which a transaction is usually placed in the hands of a handful of investors, private ...

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