ADB debuts in Chinese bond market

The Asian Development Bank (ADB) joined the International Finance Corp (IFC) in the nascent Panda bond market yesterday (October 12) raising Rmb1 billion ($123 million) to on-lend to projects on the Mainland. Both the IFC and ADB will have the same issue date for their 10-year deals, although the latter priced two days later than the former after opting to conduct roadshows in Shanghai and Beijing.