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Asia BondsFIG BondsAsia - FIG - Senior Debt

BOC sells Sofr, Sonia benchmark trades

sterling_Adobe_575x375_15April2020

Bank of China took its pivot away from Libor-linked bonds further this week by selling a dollar note tied to the secured overnight financing rate (Sofr) and a sterling-denominated deal that was the first Sonia-linked bond from a Chinese issuer. While BOC’s transaction was important, bankers say the new benchmarks are still slow to take off in Asia. Morgan Davis reports.

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