Trafigura Group has said it is the first trader to complete a so-called 'panda bond' in the Chinese mainland debt market.
The company, which also owns ships, raised CNY 500m ($79m) as part of an intended CNY 2.35bn programme for which it obtained clearance from the National Association of Financial Market Institutional Investors (NAFMII).
The first tranche of the panda bond was privately placed in the interbank market with a three-year maturity.
