Panda bonds
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Panda bonds are bonds issued by foreign institutions and denominated in renminbi.[1]
There are four categories of foreign issuers for Panda bonds:
- Foreign governmental institutions: Representative issuers include Hungary, Egypt, the Canadian province of British Columbia, and the Emirate of Sharjah in the United Arab Emirates.
- International development institutions: Representative issuers include the Asian Development Bank, the New Development Bank, and the Asian Infrastructure Investment Bank.
- Foreign financial institutions: Representative issuers include Deutsche Bank, Crédit Agricole, National Bank of Canada, and United Overseas Bank.
- Foreign non-financial enterprises: Representative issuers include Mercedes-Benz, BMW, Volkswagen, BASF, Bayer, and Suzano.