Investors Are Warming to Panda Bonds, Deutsche Bank Executive Says

Deutsche Bank’s first two tranches of the debt received lukewarm interest in 2023, but subscriptions have soared this year, according to Samuel Fischer, head of China onshore debt capital markets. Photo: VCG

The increasing popularity of panda bonds issued by Deutsche Bank AG shows a growing interest in the yuan-denominated debt among investors, a senior executive at the banking giant told Caixin in a recent interview.

Panda bonds are yuan-denominated bonds issued by non-Chinese institutions and sold on the Chinese mainland, allowing foreign entities to raise cash there.