IFLR1000

Republic of Poland Rmb3 billion sovereign 'panda' bond issue

31/8/2016
Investment grade bond/note issue, Sovereign bond issue
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Rmb 3 billion

$ 449.260 million

Completed

31/8/2016

Overview:

  • The Republic of Poland has issued a Rmb3 billion three-year 3.4% bond on the Chinese domestic market.
  • The issue is the first yuan renminbi denominated issue by a European sovereign on the Chinese market.
  • Renminbi denominated bonds issued by a non-Chinese party are known as 'Panda bonds'. 
  • Bank of China and HSBC acted as underwriters.

Sam Duke - Editor

Read further analysis of this deal on IFLR.com

Jurisdictions:

China
Hong Kong SAR
Poland

Deal types:

Investment grade bond/note issue
Sovereign bond issue

Practice area:

Capital markets : Debt

Industry sector:

Government and public policy

Firms:
Allen & Overy

Party: Republic of Poland (Issuer)

Lawyers: Agnes Tsang, Piotr Lesiński

Global Law Office

Party: Bank of China Ltd (Underwriter)

Party: HSBC (Underwriter)

Zhong Lun Law Firm

Party: Republic of Poland (Issuer)

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