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ICBC, BOC Each Assist in Issuing First RMB1.2B Panda Bond in S America
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ICBC (01398.HK) (601398.SH) successfully assisted Suzano, a global large-scale commodity pulp producer from Brazil, in issuing the first green medium-term note panda bond in China's interbank bond market, which also marked the first panda bond issued by a South American issuer in the mainland market.

The bond, with a size of RMB1.2 billion, a maturity of three years, and a coupon rate of 2.8%, received enthusiastic subscription from market investors.

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BANK OF CHINA (03988.HK) (601988.SH) also stated that it acted as the lead underwriter and lead bookrunner to assist Suzano in successfully issuing the RMB1.2 billion green medium-term note panda bond in China's interbank bond market.

With a maturity of three years and a coupon rate of 2.8%, this bond is not only the first panda bond in South America but also the first green panda bond issued by a multinational corporation this year.
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