China Construction Bank Corporation (CCB) has successfully acted as the lead bookrunner for Barclays Bank PLC's second 2026 Panda bond issuance in China's interbank bond market.

The issuance, with a total value of 5 billion yuan, included two tranches: a 3-year note with a coupon rate of 1.73% and a 5-year note (with a call option) carrying a 1.98% coupon.

This marks the largest Panda bond issuance in Barclays' history. As the lead bookrunner, China Construction Bank Corporation played a pivotal role across all stages, including product structuring, regulatory filings, domestic roadshows, investor engagement, and bookbuilding. CCB coordinated effectively with the joint bookrunners to ensure the successful completion of the deal, earning high praise from the issuer.

Leveraging its extensive global network, China Construction Bank Corporation has deepened its expertise in cross-border capital markets. This year, the bank has underwritten Panda bonds for several international financial institutions, such as Morgan Stanley, BNP Paribas, Deutsche Bank, CIMB, Natixis, and UOB. These transactions underscore CCB's professional leadership and comprehensive service capabilities in the cross-border debt capital market.

Moving forward, China Construction Bank Corporation will continue to focus on cross-border capital markets. The bank aims to utilize Panda bonds as a key investment banking product to enhance its international competitiveness and better support China's high-level opening-up.