BUDAPEST, Dec. 14 (Xinhua) -- Bank of China (BOC)'s structured notes product linked with bonds in the Chinese yuan (also known as Panda Bonds) were listed for trading in Hungary on Wednesday.
It is the first USD/euro note investment product linked with the Panda Bonds issued by the BOC in Europe to institutional investors.
In July 2017, the BOC issued 1 billion yuan of Panda Bonds in Chinese yuan, and that is the second time that the BOC had assisted the Hungarian government to issue bonds denominated in the Chinese yuan after the 1 billion yuan dim sum bond issued in Hong Kong in April 2014.
Xu Haifeng, head of the BOC Hungarian Branch, introduced that 2 billion yuan of Hungary Panda Bond will be issued on December 17 and the bank will be the main underwriter and the lead book-runner.
Panda Bond refers to the bond products in the Chinese yuan issued by foreign or multinational institutions in China.
(Edited by Yang Qi, kateqiyang@xinhua.org)
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