Bank of China’s sterling solution to fund woes
Bank of China was able to print the largest ever piece of sterling-denominated commercial paper from a bank in an emerging ECP market this week, as money market funds looked beyond Europe to find investable credits.
The issuers £142m three month clip, sold on Wednesday, beats its own record for a sterling placement of £100m in March, according to Dealogic.
Other banks in emerging Asian markets have opted for CP as a funding route this year. They have increased CP volume dramatically this year, with
Please take a trial or subscribe to access this content.
Contact our subscriptions team to discuss your access: firstname.lastname@example.org
To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: email@example.com or find out more online here.