(26 January 2024 – China) MUFG Bank (China) has received a lead underwriting license for corporate panda bonds from NAFMII, a self-regulatory body governed by the People’s Bank of China.
The Chinese bond market, covering bond trading and issuance markets in the country, has been growing rapidly and is now the second largest in the world after the U.S.
With this license, MUFG China can leverage its global network and local expertise to participate in bond issuances by offshore companies, thereby better supporting the direct financing needs of corporate clients in China and the diversification of investor portfolios.
“MUFG Bank and MUFG China will fully utilize this underwriting license to provide holistic financial services to clients wishing to capture business and investment opportunities in China while contributing to the ongoing development of the Chinese bond market,” the bank said in a press release posted on its website.