By:King & Wood Mallesons

In June 2019, the Republic of Portugal issued RMB 2 billion panda bonds in China with a tenor of three years. The bonds were actively subscribed by onshore investors as well as offshore investors through the Bond Connect. The final coupon rate was 4.09%.Continue Reading KWM advises Portugal on its inaugural issuance of RMB 2 billion Panda Bonds in China