TOKYO -- Floats of yuan-denominated bonds in mainland China by foreign issuers have bounced back this year as global multinationals bank on the economy's long-term growth outlook to plot business expansion.
For the year through September, 19.5 billion yuan ($3.02 billion) worth of so-called panda bonds have been issued, according to Refinitiv, topping the 2020 total. The sum excludes floats by entities registered in Hong Kong and Macao.
