On January 7, Bank of China, as the sole Chinese lead underwriter, successfully assisted German industrial giant Henkel Group in issuing RMB 1.5 billion in Panda bonds in the Chinese interbank bond market.
This issuance marks Henkel Group's debut in the RMB bond market and is also the first foreign-issued Panda bond in the entire market in 2026, which is of positive significance for further enhancing the international influence of the Panda bond market.
As a seasoned practitioner and leader in the Panda bond market, Bank of China has always been committed to building a bridge for the two-way opening of China's mainland capital market. Since Mercedes-Benz Group pioneered the use of Panda bonds by multinational corporations in 2014, more than 20 international giants, including Veolia, BMW, Volkswagen, BASF, and Henkel, have successively entered the market.
As the lead underwriter, Bank of China has participated in more than 80% of the Panda Bond issuances by multinational corporations. With its outstanding professional capabilities, it has supported many foreign companies to grow from "new partners" in the market to "old friends" who are deeply rooted in China.
Bank of China will continue to leverage its role as the main channel for cross-border financial services and its expertise in foreign exchange and trade, relying on its network of institutions covering 64 countries and regions overseas, to help global enterprises share the opportunities of China's development and serve as a financial link connecting China and the global market.
