Evergrande sets synthetic renminbi record with Rmb9.25bn bond
Evergrande Real Estate Group sold the biggest synthetic renminbi bond yet when it raised Rmb9.25bn ($1.4bn) in the fast-growing market last week. The company received around Rmb33bn of orders for the deal — showing the huge demand available for those issuers willing to give investors exposure to the appreciation of China’s currency.
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