Perspective
10 May 2018
Trafigura takes first look at China’s Panda bond market – at a price
In:
Metals and Mining, Oil & gas
Region:
Asia-Pacific
Trafigura has closed its debut renminbi-denominated Panda bond which marks the first commodity trader to tap China’s nascent onshore capital market. The three-year issue came at a premium, but the deal has lessons for future traders looking for new pools of liquidity, cheap debt and longer tenors.
