National Becomes First Bank in North America to Win Approval to Issue Yuan Bonds in China

National Becomes First Bank in North America to Win Approval to Issue Yuan Bonds in China

The National Bank of Canada has become the second Canadian borrower - but the first private sector entity - to be given approval to issue yuan-denominated bonds in China's Panda market. The bank has been given the green light to issue up to 5 billion yuan (about $1 billion) in that country's interbank or onshore bond market.

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