ICBC extends global reach with Aussie CNH

Philip Date - Fotolia

ICBC priced the first syndicated offshore renminbi bond to be issued by its Sydney branch on July 29. The 1.5 year and three year dual trancher, which the issuer wants to list, will be listed on the Australian Securities Exchange (ASX), marks an important first step for ICBC Sydney as Australia’s status as an offshore RMB hub grows.