Issuers opt for longer-dated CNH placements
More issuers are achieving cheaper debt by selling long-dated CNH-denominated private placements. In doing so, they are marking a way for both issuers and investors to get exposure to tenors that are unavailable in the dim sum market.
Issuers including banks and Hong Kong-based corporations have been selling longer-dated private placements in the offshore renminbi market in 2013 than ever before, offering issuers a means to get long-dated funding at a time when the dim sum bond market caters only to shorter-term deals.
Bankers reckon this
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