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Mongolia Fights Fiscal Fallout
20 September, 2016Euromoney, September 2016
Innovation is never far away in a new and transforming market, but even by China’s standards August was an exceptional month. Two completed deals, and a third underway, stood out.
First, Poland became the first European country to issue a Panda bond, representing an important broadening of the nascent market’s issuer base. The Republic of Korea and Province of British Columbia, both much higher rated than Poland’s A2/A-/BBB+, have issued before, but Poland’s Rmb3 billion ($451 million) deal, led by Bank of China and HSBC, was a welcome expansion of a market that has been disappointingly quiet in its early years.
Full article: http://www.euromoney.com/Article/3588800/China-rings-changes-in-homegrown-bond-markets
Chris Wright
Chris is a journalist specialising in business and financial journalism across Asia, Australia and the Middle East. He is Asia editor for Euromoney magazine and has written for publications including the Financial Times, Institutional Investor, Forbes, Asiamoney, the Australian Financial Review, Discovery Channel Magazine, Qantas: The Australian Way and BRW. He is the author of No More Worlds to Conquer, published by HarperCollins.