Fangda assists ADB panda bond

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Fangda Partners assist Asian Development Bank panda

Fangda Partners advised the Asian Development Bank (ADB) in raising RMB2 billion (US$307 million) from its first panda bond issue in more than a decade on China’s interbank bond market on 10 March. This bond also represented ADB’s largest borrowing in an Asian local currency to date. Fangda partner Christine Chen in Beijing led the team.