Better quality dim sum bonds add to investor options
Banking on the recent strong market momentum, more offshore renminbi bonds are tapping the market, including Japan’s Mitsubishi UFJ Lease & Finance and British-Dutch multinational Unilever. Such diversification of borrowers bodes well for market growth.
A burgeoning list of investment-grade foreign issuers is testing the water in the offshore renminbi bonds and investors are more than happy to see the diversification.
The A1-rated Mitsubishi UFJ Lease & Finance priced a three-year Rmb200 million (US$30.5 million) offshore renminbi bond at 1.65%, the tight end
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