IFC extends offshore renminbi curve with first five year

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By Jonathan Breen
18 Sep 2014

International Finance Corp became the largest issuer of London-listed renminbi bonds this week, as it priced its second benchmark in the currency this year. The deal came after the UK government announced plans to issue a debut renminbi bond.

The deal, priced on Wednesday, is the first time IFC has launched a renminbi bond with a tenor longer than three years, so the issuer was able to tap investors that were not present in its previous offshore renminbi trades, said a banker at one of the leads.

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