IFC earns stripes with Panda bond

IFC beats ADB to become first foreign issuer in the China bond market.

The International Finance Corp IFC sold a debut Panda bond deal in the Chinese domestic market on Monday Oct 10, raising Rmb 1.13billion $140 million from a 10-year fixed-rate offering.

Jointly led by China International Capital Corp and Citic Securities, the deal represents the opening of the Chinese domestic market to international financial institutions. It also marks the first time a supranational has opened an Asian domestic bond market without using an international bank like...

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