J. Safra Sarasin predicts a future of euro-denominated bonds issued by Chinese corporates whose outbound merger and acquisition activities continue to climb. The issuance of the bonds – or what the bank calls “Reverse Panda” notes – mirrors the path of US corporates whose “Reverse Yankee” bonds make up 15% of the European investment grade indices or €250 billion, second…
Euro-denominated “Reverse Panda” bonds are coming, says J. Safra Sarasin
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