Transcription of Panda Bonds - EY
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Panda Bonds - EY
Panda BondsOverview and currentdevelopment in theinterbank marketMay 2016 OverviewA Panda bond is a Renminbi (RMB)-denominated bond issued in MainlandChina. According to international practice, a foreign financial institutionalways selects the country s mascot as the name when issuing localcurrency-denominated Bonds . As such, China s Ministry of Financenamed the Bonds Panda Bonds . The issuer of a Panda bond , always aforeign entity, can be either a financial or non-financial Panda bond is similar to Japan s Samurai bond or the US s YankeeBond. The first two Panda Bonds were issued in October 2005, by theInternational Finance Corporation (IFC) and the Asian Development Bank(ADB).
Panda Bonds 3 Issuance of Panda Bonds Reasons for issuing Panda Bonds Offer a way for financial and non- financial enterprises to diversify their investor base and gain a foothold in China.
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