Dim sum in Austria? Not much after Raiffeisen

20 Mar 2012

Raiffeisen Bank International (RBI) opened the dim sum market to Austrian borrowers late last week, setting a benchmark for other potential issuers from the European country. But bankers are not expecting a flood of dim sum deals from Austria after the issue.

The Rmb750m ($118.7m) deal is an indication of the growing appeal of the offshore renminbi bond market to issuers outside of Asia. Dubai bank Emirates NBD paved the way for other Middle Eastern borrowers in early March, when it issued dim sum bonds worth Rmb750m. That came only ...

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