June 4 (Reuters) - Global oil trader Trafigura said on Monday it raised 500 million yuan ($78 million) as part of its 2.35 billion yuan panda bond programme.
The tranche was placed in China’s interbank market under a private placement format with a three-year maturity, Trafigura said in a statement.
It said it has received the People’s Bank of China’s approval to repatriate the proceeds of the bond offshore.
Panda bonds refer to Chinese yuan-denominated bonds issued by non-Chinese companies but sold in China.
$1 = 6.4037 Chinese yuan Reporting by Aaron Saldanha in BENGALURU; Editing by Tom Hogue