China: Wharf Holdings completes sale of $599m panda bonds

China: Wharf Holdings completes sale of $599m panda bonds

Banners advertising Wharf Holdings' internet business are displayed on a street in Hong Kong June 10, 2016. REUTERS/Bobby Yip/File Photo

Hong Kong-based Wharf Holdings Ltd’s $599.84 million (4 billion yuan) issuance of “panda bonds” in China was three times oversubscribed in a sale that signaled rising interest for onshore yuan-denominated debt.

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