Hainan Airlines on runway for Singaporean CNH skies

By Isabella Zhong
15 May 2014

Hainan Airlines opened the books for a three year offshore renminbi transaction on Thursday, with investor demand reaching Rmb3bn ($481m) by late afternoon. The deal will be the first offshore RMB corporate bond to be listed, cleared and settled in Singapore.

The bond will be cleared and settled with Central Depository Pte (CDP) in Singapore, qualifying it for the "Lion City bond" designation. Singapore has heavily marketed the brand for locally cleared and settled offshore renminbi bond deals as it seeks to develop its RMB hub status. 

Previous corporate offshore ...

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