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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. 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. AAStocks Financial News |
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