Why Wall Street banks and foreign borrowers are rushing to tap China’s cheap money (www.cnbc.com)
from schizoidman@lemmy.zip to world@lemmy.world on 19 Jun 21:46
https://lemmy.zip/post/66456557

Issuance has accelerated sharply this year, with sovereign borrowers including Kazakhstan and Pakistan joining global financial institutions such as Morgan Stanley and Deutsche Bank, as well as multinational firms including Volkswagen and Henkel. Deutsche Bank, as recently as late May, announced that it raised 3.5 billion yuan ($518 million) through a heavily oversubscribed three- and five-year panda bond offering

Moody’s estimates that foreign issuers now account for nearly half of the panda bond issuance volume this year, up sharply from just a few years ago.

#world