Get all your news in one place.
100's of premium titles.
One app.
Start reading
Caixin Global
Caixin Global
Business
Qing Na

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

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.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.