panda bond
A renminbi-denominated bond issued in China by a non-Chinese entity. The term is used in financial contexts.
中国政府はパンダ債の発行を促進している。
The Chinese government is promoting the issuance of panda bonds.
この銀行は初めてパンダ債を発行した。
This bank issued panda bonds for the first time.
From English 'panda bond', referring to bonds issued in China, with 'panda' symbolizing China. The Japanese term is a direct loan translation.