Panda Bonds Drawing Crowds as Americans Turn Cool on Europe Debt
- Poland considering sale of yuan bonds to Chinese investors
- Hungary looking to issue yuan bonds on international market
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Governments in Europe’s developing markets are looking east to seize on a shift in investor demand.
Poland, which saw Asians overtake Americans as its second-biggest holders of domestic debt last year, is sending officials to China as early as next month to discuss the sale of yuan-denominated notes to local investors. Russian issuers including VTB Group are also contemplating their first sales to Chinese buyers, while Hungary has already held meetings for a potential sale of yuan bonds abroad.