Renminbi bonds keep up pace with IFC and PCD Stores issues

The offshore renminbi market continued its rapid expansion this week, as borrowers from opposite ends of the credit spectrum — supranational lender International Finance Corp and mainland department store operator PCD Stores — sold their own deals and more issuers lined up to tap the market.

  • 27 Jan 2011
DCM bankers had predicted that 2011 would be the year of the renminbi, and just four weeks in, those predictions are already coming true. IFC, PCD Stores, Royal Bank of Scotland and Sinochem have all sold deals this year — and the development of a synthetic renminbi market ...

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