The Republics of Poland and Hungary are said to be in their final stages of preparation to launch debut panda bonds in June, marking a new stage of development for China's fast-growing onshore bond market.
The two sovereigns will represent the first issuers from Central and Eastern Europe CEE and, in Hungary's case, the first non-investment grade transaction by a foreign issuer.
Like all the sovereign panda issues in the pipeline, the two transactions are deeply symbolic on a number of levels. As part of its One Belt One Road OBOR policy, China has been developing links with the region through its 161 CEE...
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