CRCC fends off renminbi volatility with $500m CB
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CRCC fends off renminbi volatility with $500m CB

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China Railway Construction Corp (CRCC) has sold its second convertible bond of 2016, this time a renminbi-denominated, dollar-settled trade linked to the offshore RMB spot price. Chinese issuers are warming to the structure amid concerns about RMB depreciation, as investors bear the currency risks. John Loh reports.

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