ADB debuts in Chinese bond market

Suprnational embraces Panda market.

The Asian Development Bank ADB joined the International Finance Corp IFC in the nascent Panda bond market yesterday October 12 raising Rmb1 billion $123 million to on-lend to projects on the Mainland. Both the IFC and ADB will have the same issue date for their 10-year deals, although the latter priced two days later than the former after opting to conduct roadshows in Shanghai and Beijing.

After canvassing 100 investors, the order book was formally opened...

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