First company along Belt and Road issues panda bonds

Updated 2017-03-18 13:31:04 Xinhua

Russian aluminum producer United Company RUSAL PLC on Thursday issued 1 billion yuan (140 million U.S. dollars) 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.

Also in the News

Nicole Kidman Recalls Oscar Glory: Loneliest Time
Showbiz2016/06/16 13:58September 21 2017 09:32:43

Nicole Kidman Recalls Oscar Glory: Loneliest Time

Attending Shanghai International Film Festival, Nicole Kidman talks about her role in "Grace of Monaco".

Labor Day Travel Peak Starts
Also in the News2014/05/01 12:16September 21 2017 09:32:43

Labor Day Travel Peak Starts

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'
Also in the News2014/04/18 13:18September 21 2017 09:32:43

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'

Hollywood star Johnny Depp's speech in the upcoming new film "Transcendence" has been disclosed on Friday, April 11th.

Most Watched

News:
China World Business Sports Showbiz Audio
Video:
C4 My Chinese Life The Sound Stage China Revealed Showbiz Video Travel Video
Photos:
China World Fun Travel Entertainment Sports
Travel:
Beijing Shanghai Guangzhou
Lifestyle:
Live Music Opera & Classical Movies Traditional Shows Exhibitions
Learn Chinese:
Chinese Studio Living Chinese Everyday Chinese Just For Fun Chinese Culture Buzzwords