Eastern Europeans assault pandas

A new wave of panda bonds are expected in June as the first Eastern European and first non-investment grade issuer make final preparations to enter China's onshore market.
Pandas: Poland and Hungary get their skates on
Pandas: Poland and Hungary get their skates on

The Republics of Poland and Hungary are said to be in their final stages of preparation to launch debut panda bonds in June, marking a new stage of development for China's fast-growing onshore bond market. 

The two sovereigns will represent the first issuers from Central and Eastern Europe CEE and, in Hungary's case, the first non-investment grade transaction by a foreign issuer. 

Like all the sovereign panda issues in the pipeline, the two transactions are deeply symbolic on a number of levels. As part of its One Belt One Road OBOR policy, China has been developing links with the region through its 161 CEE...

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