CURRENT AFFAIRS

2018

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which country recently approved to issue ’Panda bond’ in Chinese currency?
A
Sri Lanka
B
Pakistan
C
Indonesia
D
Philippines
Explanation: 

Detailed explanation-1: -Deutsche Bank announced today that it has issued its inaugural Panda bond, raising CNY 1 billion via 3-year senior preferred notes. This transaction enables the bank to directly tap into China’s deep onshore bond market, accessing a new investor base at attractive funding levels.

Detailed explanation-2: -A Chinese renminbi-denominated bond sold in China but issued by a non-Chinese is known as Panda bond. The first two Panda bonds were issued by Asian Development Bank (ADB) and International Finance Corporation (IFC).

Detailed explanation-3: -China Enterprise Bond (AAA) Yield: Spot Rate: 20 year data was reported at 3.906 % pa in 30 Dec 2022. This records a decrease from the previous number of 3.912 % pa for 29 Dec 2022.

Detailed explanation-4: -Panda Bonds are bonds issued by foreign issuers denominated in Chinese yuan renminbi (CNY) and placed on the domestic market of mainland China.

There is 1 question to complete.