Is Panda bond a foreign bond?

A Chinese renminbi-denominated bond sold in China but issued by a non-Chinese is known as Panda bond. The first two Panda bonds were issued by Asian Development Bank (ADB) and International Finance Corporation (IFC). You can read about the Masala Bonds – Benefits, Features & Significance in the given link.

Further readings:

  1. Electoral Bonds – Introduction, Context, Importance & Significance
  2. Types of Bonds – Basics of Bond, General Features and Characteristics

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