National Bank of Canada Wins North American Panda Bond Race

  • Montreal lender approved by China to sell up to 5 billion yuan
  • ‘Milestone’ will diversify bank funding, aid Chinese expansion

National Bank of Canada Wins N. American Panda Bond Race

National Bank of Canada is set to become the first North American bank to issue panda bonds, joining international lenders including Standard Chartered Plc and HSBC Holdings Plc in issuing yuan-denominated securities in China’s domestic bond market.

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