2019
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The cabinet of which country approved an issuance of “Panda Bonds” in Chinese Currency recently?
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Bangladesh
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Nepal
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Pakistan
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Iran
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Explanation:
Detailed explanation-1: -In March 2018, the Philippines issued its inaugural renminbi-denominated bonds or Panda bonds.
Detailed explanation-2: -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-3: -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).
There is 1 question to complete.