Germany's daimler has registered a Rmb20bn (US$3.1bn) Panda bond programme with Chinese regulators to prepare for a return to the onshore market for renminbi funding. The automaker can utilise the private placement programme for the next two years to sell Panda bonds in a format similar to the one it used previously. Daimler was the first international issuer of Pandas in China's interbank bond market. It registered the first such programme, Rmb5bn in size, in late 2013, with the last print of Rmb3bn bonds at a tenor of one year completed in April 2015.
展开▼
