(Reuters) – Commodity trader Trafigura on Wednesday said it had returned to the mainland China bond market, selling 700 million yuan ($110 million) of three-year Panda bonds.
This is Trafigura’s second sale of Panda bonds, yuan-denominated debt issued by foreign borrowers, after it raised a total of around $337 million in four tranches from 2018, the company said on its official WeChat account.
Agricultural Bank of China was lead underwriter on the sale, while Industrial and Commercial Bank of China and China Construction Bank were co-lead underwriters, Trafigura said.
($1 = 6.3650 Chinese yuan renminbi)
(Reporting by Tom Daly, Editing by Louise Heavens)
