NDB sets 3yr Panda bond price range at 2.37%-2.97%
The New Development Bank has set the indicative price range at 2.37%–2.97% for an RMB5 billion ($705 million) three-year Panda bond offering. Bookbuilding started today and settlement will be on 3 April.Industrial and Commercial Bank of China is the lead underwriter and bookrunner on the deal....