Kexim dual lists renminbi dual trancher

Export Import Bank of Korea sold its first public renminbi transaction since 2012 late last week, launching a Rmb1bn ($164m) dual tranche bond split evenly between five and 10 year tranches. The issuer also took the unusual approach of listing the tranches on different stock exchanges — becoming the first to do so — selling the 10year bond in Taiwan and the five year in Singapore.

  • By Steven Gilmore
  • 24 Jan 2014

Sole lead HSBC priced the five year bond, listed on the Singapore Exchange, at par to yield 3.625% on January 16. It priced the 10 year bond at par to yield 4.5% and this bond is listed on Taiwan’s GreTai Securities Market.

Offshore renminbi bonds listed in Taiwan are called ...

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5 Deutsche Bank 2,285.67 18 4.42%

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