Westpac dim sum opens offshore renminbi supply

Addison Gong

January 09, 2018 10:15 am

Westpac_AP_230x150 — A name plaque is attached to a Westpac branch in Sydney, Australia, Friday, May 3, 2013. Westpac Banking Corp., one of Australia's largest banks, posted an 11 percent rise in half-year profit on Friday to 3.3 billion Australian dollars ($3.4 billion) as it pursued growth opportunities. (AP Photo/Rick Rycroft) | Rick Rycroft/AP

Westpac Banking Corp raised Rmb500m ($77m) from a three year offshore renminbi bond on Monday, becoming the first dim sum note issuer of 2018.

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Topics

Oceania China Australia Asia Greater China Standard Chartered China Bonds Northeast Asia China Asia Pacific Westpac Emerging Markets FIG

AG

Addison Gong

SSA editor GlobalCapital