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Perspective
10 May 2018

Trafigura takes first look at China’s Panda bond market – at a price

In:
Metals and Mining, Oil & gas
Region:
Asia-Pacific
Reporter
Trafigura has closed its debut renminbi-denominated Panda bond which marks the first commodity trader to tap China’s nascent onshore capital market. The three-year issue came at a premium, but the deal has lessons for future traders looking for new pools of liquidity, cheap debt and longer tenors.

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