Republic of Poland Rmb3 billion sovereign 'panda' bond issue

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

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