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ChinaChina Bonds

ADB ends decade-long Panda hiatus with tightly priced bond, adds diversity to Chinese market

yuan_renminbi_adobe_575px_20May2020

The Asian Development Bank broke a decade-long absence from China’s domestic market to price a Rmb2bn ($307m) Panda bond at a record low spread this week. Its assistant treasurer told GlobalCapital that the multilateral development bank is open to selling longer dated and green renminbi-denominated deals. Addison Gong reports.

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