Debt issuances

Debt issuance- ADB issues panda bonds; Yuexiu REIT issues guaranteed notes; China Merchants Bank Financial Leasing issues bonds, 债务发行:亚开行;越秀房产基金;招银金融租赁

Fangda Partners advised the Asian Development Bank on its RMB2 billion five-year panda bond sale on China’s interbank bond market, the largest Asian local currency borrowing in ADB’s history.

The issuance is the first panda bond sold by an international development agency since the implementation of new regulations on panda bonds of foreign government-type institutions and international development agencies in late 2020.

Baker McKenzie and FenXun Partners advised Yuexiu REIT on its sale of US$400 million of guaranteed notes under its medium-term note program.