Standard Chartered's Hong Kong unit to sell Rmb1bn Panda bonds

November 25, 2015 5:11 AM

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HONG KONG, Nov 25 (IFR) - Standard Chartered Bank (Hong Kong) is to issue three-year Panda notes of 1 billion renminbi ($157 million) on December 7 to become the third offshore commercial lender to tap the China bond market.

Shanghai Brilliance Credit Rating & Investors Service Co has assigned AAA ratings to both the issuer and the bonds.

Also read: Global Economy Week Ahead: China GDP, Fed’s Beige Book, Bank of Canada Rate Decision

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