Apr 12, 2024 06:50 PM

FINANCE

Deutsche Bank’s Panda Bond Shows Market’s Appetite for Low-Cost Yuan Debt

00:00

00:00/00:00

Listen to this article 1x

What’s new: Deutsche Bank AG has issued the largest panda bond by a financial institution in six years, as China’s interest rate cuts have lowered the cost of yuan-dominated debt, making it more appealing to overseas businesses.

The issuance of two-year senior preferred notes raised 3 billion yuan ($415 million) and drew in an order book of more than 8 billion yuan, Deutsche Bank announced in a statement Thursday. This is the lender’s third panda bond issuance.

Register to read this article for free.

Register

Download our app to receive breaking news alerts and read the news on the go.

Get our weekly free Must-Read newsletter.

Share this article

Open WeChat and scan the QR code

GALLERY

: Gallery: Beijing by Bicycle

NEWSLETTERS

Get our CX Daily, weekly Must-Read and China Green Bulletin newsletters delivered free to your inbox, bringing you China's top headlines.

We ‘ve added you to our subscriber list.

Manage subscription

PODCAST

Caixin Biz Roundup: China’s Panda Bond Boom

00:00

00:00/00:00

MOST POPULAR

1: Cover Story: China Mulls Tax System Overhaul to Ease Record Local Government Debt

2: China to Limit ‘Low-End’ Solar Manufacturing Capacity

3: Singapore Scrutinizes Family Offices in Wake of Money Laundering Scandal

4: SAIC Undergoes Leadership Reshuffle as It Faces Sluggish Domestic Growth, EU Tariff Hikes

5: Hong Kong’s University Admission Fraud Scandal Sparks Review

SPONSORED

OR