What’s new: Deutsche Financial institution AG has issued the biggest panda bond by a monetary establishment in six years, as China’s rate of interest cuts have lowered the price of yuan-dominated debt, making it extra interesting to abroad companies.

The issuance of two-year senior most popular notes raised 3 billion yuan ($415 million) and drew in an order guide of greater than 8 billion yuan, Deutsche Financial institution introduced in an announcement Thursday. That is the lender’s third panda bond issuance.

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