Offshore renminbi thrives as investors rush to high yield

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Offshore renminbi thrives as investors rush to high yield

Offshore renminbi bonds continued to find appetite this week as investors rushed to put their deposits into high yielding securities. Guangzhou R&F Properties pitched investors with the largest deal, which featured renminbi and dollar tranches (see separate story), but several other issuers sought investors for their own pure renminbi deals.

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