UBS prices inaugural CNY2 billion Panda bond in China

28. Aug 2026

Description

(AWP Alliance News) - UBS Group AG - Zurich-based financial services provider - Prices inaugural Panda bond in the China interbank bond market. The CNY2 billion five-year bond, around USD297.6 million, has a coupon rate of 1.78%. The offer was over three times subscribed and demand was strong from "high-quality and diversified" investors.

UBS says: "The transaction represents both the lowest coupon rate and the tightest spread over China Development Bank benchmark achieved to date for a 5-year Panda Bond issued by a foreign financial institution. It also marks the first Panda Bond issuance by a Swiss financial institution in China."

Current stock price: CHF43.80

12-month change: up 34%

By Elijah Dale, Alliance News senior reporter Asia-Pacific

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