On November 2, the panda bond worth RMB 3.5 billion from National Bank of Canada was successfully issued in the interbank bond market, in which ICBC served as the co-lead manager and bookrunner. The bond is a 3-year fixed rate bond with a coupon rate of 3.05%. The panda bond is the first one issued by a North American financial institution, and the largest single issuance among all panda bonds by foreign financial institutions so far.

The panda bond refers to RMB bond issued by foreign institutions in China. With the accelerated internationalization of the RMB, the two-way opening-up of China's capital market has continued to deepen especially since the inclusion of RMB into SDR, which has increased the charisma of Chinese bond market. During the issuance of panda bond of National Bank of Canada, ICBC Canada RMB Center and Clearing Bank worked closely to ensure the success of bond issuance. It is of great significance to promote financial cooperation between China and Canada, deepen bilateral economic and trade relationship and further boost China's opening-up of bond market and the internationalization of RMB.

Previously, ICBC Canada officially announced the establishment of the RMB Clearing Service and Canada RMB Center on March 23, 2015 in Toronto, which formally created a 7 × 24 uninterrupted global RMB clearing business system.