Land NRW makes dim sum debut

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By Frank Jackman
30 Apr 2020

The German state of North Rhine-Westphalia made its first visit to the offshore renminbi market earlier this week, continuing this year’s SSA dim sum shopping spree.

Land NRWsold a Rmb1bn ($141.2m) 1.75% April 2023 dim sum bond on Monday off a reverse enquiry. UniCredit priced the deal at par.

“This is a very nice print for NRW,” said one MTN banker away from the deal. “The funding team there are known for being ...

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