By King & Wood Mallesons
In March 2018, the Republic of the Philippines issued RMB1.46 billion panda bonds in China. The bonds have a coupon rate of 5.0%, with a three-year tenor. The bonds were more than six times oversubscribed. Oversea investors (including those participating through the “Bond Connect” regime) were allocated 88% of the bonds.
Continue Reading King & Wood Mallesons advises the Republic of the Philippines on its RMB1.46 billion panda bonds offering in China