According to individuals familiar with the matter, BNP Paribas SA is planning to issue panda bonds, with a maximum issuance amount of 6 billion yuan. The sources indicated that the bank intends to start marketing the bonds as early as September.
This bond issuance is slated to include three tranches: an initial maximum issuance of 1 billion yuan for the 3-year maturity, up to 4 billion yuan for the 5-year maturity, and a cap of 1 billion yuan for the 7-year maturity.
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