‘A week of CNH’ as four credits seal dim sum bonds

dim sum px230
By Addison Gong, Morgan Davis
01 Mar 2018

Qatar National Bank and Bank of China kept the momentum going in the offshore renminbi bond market this week, with the latter’s Rmb4bn ($632m) deal the largest in nearly three years. Their success is an encouraging sign about appetite for the currency.

Issuers and investors alike have been heading to the dim sum market recently. Five public dim sum notes have been sold in February, three of which came this week. China Jinmao Holdings Group was another addition to the list, pricing a Rmb1.25bn 5.2% three year transaction on Thursday ...

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