B · Normal
[UBS issues 2 billion yuan of five-year panda bonds with a new low coupon rate] On August 27, UBS announced that it had successfully completed the issuance of its first panda bond in the China Interbank Bond Market (CIBM). The bond issuance scale is RMB 2 billion, with a term of 5 years and a coupon rate of 1.78%. It is the lowest coupon rate so far for a five-year panda bond by a foreign financial institution and the narrowest spread compared to the China Development Bank benchmark. The subscription multiple exceeds 3 times. It also marks the first time a Swiss financial institution has issued a panda bond in China.
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