Russian aluminum producer United Company RUSAL PLC on Thursday issued 1 billion yuan (US$140 million) worth of panda bonds in China, the Shanghai Stock Exchange (SSE) said.

The three-year bonds, priced to yield 5.5 percent each year, are the first panda bonds issued by a company from a country along the Belt and Road, the SSE said.

Panda bonds are yuan-denominated debt sold by foreign countries and overseas agencies in China. Analysts expect the market to expand as China pushes internationalization of its currency.

Go to Forum >>0 Comment(s)