L-Bank’s tight pricing offers a lesson on CNH Hibor
L-Bank’s aggressive pricing on its debut dim sum floating rate note – well below the CNH Hibor rate – suggests that the new benchmark needs time to cement itself as a credible reference rate, say dealers.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts