CIMB Marks Milestone with Record RMB3 Billion Panda Bond Issuance

CIMB Bank Berhad has made its debut in the China Interbank Bond Market with a RMB3.0 billion three-year Panda Bond carrying a fixed coupon rate of 2.18 per cent. This marks the largest single-tranche issuance by a Malaysian institution and the second-largest from an ASEAN issuer, achieving the lowest coupon rate on record.

The issuance, rated AAA by China Chengxin Credit Rating Group, attracted strong demand with a robust order book of RMB4.64 billion from both onshore and offshore institutional investors.

Panda Bond Issuance

Proceeds from the issuance will be used to expand CIMB’s cross-border and domestic business activities, supporting regional trade and finance across strategic sectors.

CIMB Group CEO Novan Amirudin said the strong investor response reflects confidence in CIMB’s ASEAN franchise and underscores its role as a financial bridge between China and ASEAN, promoting sustainable growth and integration.

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