World Bank adds prestige to dim sum

30 May 2013

The International Bank for Reconstruction & Development (IBRD) issued the largest supranational dim sum bond on May 31, raising the profile of offshore renminbi bonds in a market dominated by high yield borrowers from China.

The sweet spot in market and swapping dynamics allowed IBRD, also known as the World Bank, to launch a Rmb1.7bn ($277m) one year global deal at a 2% coupon.

“They have a variety of funding objectives in terms of pricing and timing. The one year in the dim ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access:

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: or find out more online here.