Europe takes 60% of HSBC international renminbi
European accounts were allocated 60% of HSBC Bank plc’s international renminbi transaction on Wednesday — a deal that was timed to coincide with the launch of a bid to make London a hub for financial activity in the currency.
We were focused on improving the distribution into Europe, and the final allocation was an impressive 60% into Europe and 40% Asia, said Chris Jones, global head of local currency syndicate at HSBC. That compares favourably with transactions in the recent past.
HSBC printed the Rmb2bn deal in London
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