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Haitong acted as joint underwriter of the first European bond issue in yuan

Poland became the first European country to issue Panda bonds. The bonds were priced at 3.4 percent

Haitong Securities acted as joint underwriter in the issue of a three-year senior unsecured bond worth 3 billion yuan carried out by the State Treasury of Poland in August, making Poland the first European country to issue Panda bonds, which were priced at 3.4 percent.

According to Bartłomiej Dmitruk, Senior Country Officer of Haitong Bank's Warsaw branch, it may be a very important step for both the Polish Government and companies, encouraging to obtain debt financing from Asian investors in the future. "Additionally, transactions like this show positive and practical consequences of the closer cooperation between Poland and Chinese financial markets, which Haitong Group actively supports", states Bartłomiej Dmitruk.