South Korea eyes panda bonds in China
Two countries recently agreed to deepen financial ties
South Korea's government has asked permission to issue renminbi-denominated bonds in China, according to local media – a move that, if green-lighted by Beijing, would make South Korea the first sovereign borrower onshore.
Korean news agency Yonhap reported on November 5 that the government has submitted a request to issue 'panda bonds', citing an anonymous source within the country's finance ministry, who said the matter was "being reviewed".
The report comes on the heels of a deal struck
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