On March 17, Bank of China, acting as the lead underwriter, assisted BNP Paribas in its first issuance of 5 billion yuan in panda bonds within China's interbank market. The bonds featured maturities of three and five years. In this issuance, Bank of China recorded the highest winning bid volume, demonstrating its strong distribution capacity and prominent market leadership.
As one of the earliest Chinese banks to enter the French market, Bank of China has been operating in France for 40 years and is the largest non-EU foreign bank in the country. Over the long term, the bank has actively supported the deepening of financial innovation and cooperation between China and France. This issuance marks another important milestone for French issuers' deep involvement in China's capital markets and the strengthening of Sino-French financial collaboration, reflecting international financial institutions' firm confidence in renminbi assets and the long-term development of the Chinese market.
As the most globalized and diversified Chinese bank, Bank of China has long served as a key bridge connecting China's bond market with international issuers. In the panda bond market, the bank is not only an innovator but also the most trusted long-term partner for French issuers. As the lead underwriter, it has assisted Veolia, Crédit Agricole, and BNP Paribas in issuing multiple panda bonds totaling over 10 billion yuan, helping several well-known French institutions achieve significant financing breakthroughs in China.
Bank of China will continue to leverage its role as a primary channel for cross-border renminbi transactions, offering more efficient and convenient integrated financial services to international institutions. It will provide comprehensive support for foreign enterprises seeking to deepen their presence in the Chinese market and contribute further to advancing high-level opening-up.
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