British Columbia Weighs Selling Panda and Masala Bonds
- New government pledges to stick to policy of budget surpluses
- Province sold 30-year bonds in the domestic market last month
This article is for subscribers only.
British Columbia, Canada’s fastest-growing province, is considering bond sales in China and India after raising money domestically in the newly elected government’s first foray into debt markets.
“We’re looking right now at panda bonds,” British Columbia Finance Minister Carole James said in an interview Tuesday in New York, adding the province is also considering a masala bond. “Both of those are pieces that we’re looking at now. We’ll make a decision in the next two months whether we’ll do a reissue on panda.”