Evergrande underscores depth of demand for synthetic renminbi with $1.4bn record-breaker

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 — showing the huge demand for those issuers willing to give investors exposure to the appreciation of China’s currency.