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Created page with "'''Panda bonds''' are bonds issued by foreign institutions and denominated in renminbi.<ref>https://www.bankofchina.com/english/enterprises/cb2/cbf/202601/t20260106_256392..."
'''Panda bonds''' are bonds issued by foreign institutions and denominated in [[renminbi]].<ref>https://www.bankofchina.com/english/enterprises/cb2/cbf/202601/t20260106_25639231.html</ref>

There are four categories of foreign issuers for Panda bonds:

*Foreign governmental institutions: Representative issuers include [[Hungary]], [[Egypt]], the [[Canadian]] province of [[British Columbia]], and the Emirate of Sharjah in the [[United Arab Emirates]].

*International development institutions: Representative issuers include the Asian Development Bank, the New Development Bank, and the Asian Infrastructure Investment Bank.

*Foreign financial institutions: Representative issuers include [[Deutsche Bank]], Crédit Agricole, National Bank of Canada, and United Overseas Bank.

*Foreign non-financial enterprises: Representative issuers include [[Mercedes-Benz]], [[BMW]], [[Volkswagen]], [[BASF]], [[Bayer]], and Suzano.

==See also==
*[[Free market]]

==References==
{{reflist}}

[[Category:Finance]]
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