Auto companies rev up dim sum efforts

Car Rental_230px
By Morgan Davis
28 Mar 2018

German car manufacturer Daimler and Chinese auto rental company Car debuted in the offshore renminbi market this week, raising Rmb1.4bn ($223.2m) between them.

Daimler, which has been active in China’s onshore market with a number of privately placed Panda bonds, sold its maiden dim sum transaction on Tuesday through sole arranger and manager HSBC. The 2021s were marketed at the 5% area, before closing at 4.8%, sold at par. The company ...

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