Group 1 - The Asian Infrastructure Investment Bank (AIIB) has returned to the Chinese bond market by issuing a 2-year Panda bond, raising 2 billion RMB with a coupon rate of 1.64% [1] - The issuance received strong demand with total subscriptions reaching 6.4 billion RMB, achieving a 3.2 times oversubscription, marking the highest record in AIIB's Panda bond issuance history [1] - The final pricing was set at a spread of +7 basis points compared to similar maturity bonds from China Development Bank, indicating strong investor confidence in AIIB's creditworthiness [1] Group 2 - AIIB's issuance attracted participation from over 30 institutions, including 12 new investors, reflecting a significant expansion of its investor base [1] - The Panda bond market has seen continuous growth, with cumulative issuance exceeding 1 trillion RMB and over 90 issuing entities, including international development institutions and foreign governments [2] - The market for Panda bonds is increasingly appealing to both domestic and foreign investors, with foreign banks and investors holding nearly a quarter of the total issuance [3]

Core Insights - The Asian Infrastructure Investment Bank (AIIB) has returned to the Chinese bond market by issuing a 2-year Panda bond, raising 2 billion RMB, marking a significant milestone in its funding strategy [1] - The issuance received a strong response with 6.4 billion RMB in subscription orders, achieving a 3.2 times oversubscription, which is the highest in AIIB's Panda bond issuance history [1] - The coupon rate for this bond was set at 1.64%, with a spread of +7 basis points over similar bonds issued by the China Development Bank, indicating strong investor confidence in AIIB's creditworthiness [1][2] Group 1 - The total issuance of Panda bonds has surpassed 1 trillion RMB, with over 90 issuers, positioning it as the second-largest international financing tool in RMB [1] - The recent issuance has broadened AIIB's investor base, attracting over 30 institutions, including 12 new investors, which is a record for AIIB's Panda bond participation [1] - The final allocation saw 57.5% going to foreign investors and 42.5% to domestic investors, with several foreign central banks and institutions participating for the first time in the onshore RMB market [1] Group 2 - The Panda bond market has been expanding in depth and breadth due to improved institutional arrangements and more flexible funding usage [3] - Notable issuers in the Panda bond market this year include AIIB, New Development Bank, and various international corporations, reflecting strong confidence in the Chinese market [3] - The Panda bond provides high-quality RMB assets for both domestic and foreign investors, with foreign banks and investors holding nearly one-quarter of the total issuance [3]

Core Insights - The Asian Infrastructure Investment Bank (AIIB) successfully issued 2-year panda bonds worth 2 billion yuan with a coupon rate of 1.64%, marking a record participation of over 30 institutions in the issuance [1] - The issuance attracted a total subscription of 6.4 billion yuan, achieving a 3.2 times oversubscription, which is the highest in AIIB's panda bond history [1] - The diverse investor structure included 57.5% from foreign investors and 42.5% from domestic investors, with foreign commercial banks holding the largest share at 47% [2] Group 1 - AIIB has issued a total of 7 panda bonds, accumulating a total issuance scale of 16.5 billion yuan since its operations began in 2016 [1] - The final pricing of the bonds was set at a spread of +7 basis points compared to similar maturity bonds from the China Development Bank, indicating strong investor confidence in AIIB's creditworthiness [1] - The panda bond market has seen rapid growth, with cumulative issuance exceeding 1 trillion yuan and over 90 issuing entities, reflecting a broadening of the market [2] Group 2 - The demand for the recent issuance was primarily driven by the asset management departments of both domestic and foreign banks, accounting for 88% of the final allocation [2] - The panda bonds provide high-quality RMB assets for both domestic and foreign investors, contributing to a diversified asset allocation [3] - The ongoing development of the panda bond market is supported by improved institutional arrangements and increased flexibility in fund usage [2]

记者从债券市场了解到，今年以来多家国际开发机构先后发行熊猫债券，截至目前，熊猫债券累计发行 规模突破一万亿元。近期，亚洲基础设施投资银行在银行间债券市场成功发行20亿元2年期熊猫债券。 截至目前，熊猫债券累计发行规模已突破一万亿元，发行机构超90家，包括熊猫债券在内的人民币国际 融资，规模在国际上排名第二。今年以来，亚投行、新开发银行、非洲进出口银行等国际开发机构先后 发行熊猫债券，反映出国际知名发行体长期在华发展、继续深耕中国市场的坚定信心。熊猫债券为境内 外投资者提供了优质的人民币资产，收益稳定、满足多元化资产配置需求等特点推动熊猫债券投资者结 构不断丰富，外资银行及境外投资者持有规模已接近四分之一。(央视新闻) ...

中国证券报·中证金牛座记者7月22日获悉，7月，亚洲基础设施投资银行成功重返中国债券市场，首次 发行2年期熊猫债，募集20亿元，获得创纪录的市场需求，投资者结构更加多元化。 此次交易进一步巩固了亚投行作为全球和区域市场常规战略发行人的地位，也凸显了亚投行致力于深化 本地资本市场、培育亚洲可持续投资需求的坚定承诺。 据了解，亚投行是由中国倡议成立、总部位于北京的国际开发机构，于2016年开始运营，目前在全球拥 有110个成员国。作为具有丰富债券发行经验的国际开发机构，其已在银行间债券市场先后发行7笔熊猫 债券，累计发行规模165亿元。 业内人士表示，近年来，随着制度安排不断完善，资金使用更加灵活便利，熊猫债券市场的深度广度持 续拓展。截至目前，熊猫债券累计发行规模已突破1万亿元，发行机构超90家，涵盖国际开发机构、外 国政府、境外金融机构及非金融企业，区域覆盖亚、欧、非、北美、南美五大洲，包括熊猫债券在内的 人民币国际融资，规模在国际上排名第二。 此次交易还显著拓展并深化了亚投行的投资者基础，吸引超过30家机构参与，创下亚投行熊猫债发行参 与机构的最高纪录，其中包括12家新投资者。此次强劲需求不仅来自近期中国路 ...