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China’s Panda bond market is gaining momentum and attracting new issuers, thanks to lower funding costs and a policy push. Issuance of Panda bonds by offshore borrowers in China’s interbank market reached Rmb111.7bn (US$15.3bn) in the first nine months of 2023, a record for the period, according to data from the National Association of Financial Market Institutional Investors (NAFMII). The amount has already exceeded the full-year total of Rmb80.5bn in 2022. Landmark deals include th
China’s Panda bond market is gaining momentum and attracting new issuers, thanks to lower funding costs and a policy push. Issuance of Panda bonds by offshore borrowers in China’s interbank market reached Rmb111.7bn (US$15.3bn) in the first nine months of 2023, a record for the period, according to data from the National Association of Financial Market Institutional Investors (NAFMII). The amount has already exceeded the full-year total of Rmb80.5bn in 2022. Landmark deals include th
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