Allen & Overy has advised The Hong Kong and Shanghai Banking Corporation Limited as one of the first batch of foreign commercial banks to issue panda bonds in the China interbank bond market.

The Allen & Overy team was led by International Capital Markets partner Yvonne Siew together with principal associate Jacqueline Chan in Hong Kong.
 
Allen & Overy partner Yvonne Siew said: “We are delighted to advise on this pioneering panda bond transaction in China. The issuance sets the scene for the China onshore bond market and is likely to be just the beginning of a further opening-up of the panda bond market. We have worked closely with our clients to resolve issues unique to this new market, bridging the gap between China’s interbank bond market and international financial markets.”