December 23, 2024
Financial Assets

China’s green panda bonds are ‘reliable’ financing option for Africa, summit hears

Facing an economic crisis and consequently fewer US dollars and other hard currencies, Egypt floated a three-year sustainability panda bond worth 3.5 billion yuan (US$478 million) in October. Panda bonds – typically denominated in yuan and issued in China by non-Chinese organisations, including governments and corporations – have gained traction as traders and countries seek

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Financial Assets

Guangdong to join ‘dim sum’ bond feast with US$1 billion sale in Hong Kong, Macau

The sale of the yuan-denominated offshore bonds, also known as dim sum bonds, comes on the heels of Shenzhen’s announcement on Monday of its fourth such issuance, worth up to 7 billion yuan. The latest Shenzhen bond offering will include a tranche with a 10-year tenure, while also matching the two-, three- and five-year tranches

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