China

In this roundup of offshore renminbi news, market awaits the launch of CNH Hibor, international names tap Hong Kong and Taiwan’s renminbi bond markets, and data shows record year-to-date dim sum issuance.

International Bank of Reconstruction and Development (IBRD) attracted Rmb300m more on June 6 after it reopened its books on a recently priced Rmb1.7bn ($277m) offshore renminbi bond due to strong reverse enquiry from investors.

International Bank of Reconstruction and Development (IBRD) attracted Rmb300m more on June 6 after it reopened its books on a recently priced Rmb1.7bn ($277m) offshore renminbi bond due to strong reverse enquiry from investors.

Deutsche Bank issued the first offshore renminbi bond by a foreign entity in Taiwan, printing a Rmb1.1bn ($178m) dual-tranche deal which included a callable five year ticket.

Deutsche Bank issued the first offshore renminbi bond by a foreign entity in Taiwan, printing a Rmb1.1bn ($178m) dual-tranche deal which included a callable five year ticket.

International Bank of Reconstruction and Development (IBRD) reopened its books on its recently priced offshore renminbi bond on June 5 due to strong reverse enquiry from investors.

Non-China CNH bond issuers have stayed away from the market in recent months after cross currency swaps moved out of favour. Yet as the tide turns, global names are returning to the market.

National Australia Bank made its debut in the offshore renminbi bond market with a Rmb400m ($65.2m) two year deal on May 31 to take advantage of improved swap rates.

National Australia Bank made its debut in the offshore renminbi bond market with a Rmb400m ($65.2m) two year deal on May 31 to take advantage of improved swap rates.

In this round of recent regulatory news, China released new rules to rein in currency speculation, ICBC kicked off its renminbi clearing service in Singapore, Thailand plans to curtail capital inflows by imposing controls on foreign bond investors and Malaysia launches its first online platform to trade unlisted securities.