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Moscow may have only secured a Rmb150bn ($24bn) currency swap line with the People's Bank of China in October 2014, but local banks and exchanges have already built solid businesses around the RMB needs of commodities giants and other corporate and banking clients. GlobalRMB spoke to Igor Marich, managing director, money market business, at the Moscow Exchange (MOEX) about recent developments in its RMB product offering.

ICBCIL Finance got an overwhelming response for its debut in the dim sum market, a Rmb1.5bn ($241.6m) three year bond. The trade attracted huge interest from the moment books opened and managed to attract orders of more than Rmb7.6bn.

A good pricing strategy, coupled with top notch timing, resulted in a very popular return to the dollar bond market for China Great Wall Asset Management, which the bad debt manager took advantage of to price inside its curve on June 11.

Kazakh Tsesnabank is embarking on a non-deal roadshow in London.

In this round-up, South Korean RMB deposits fell in May, China's RMB denominated trade settlement also fell, SIX Swiss Exchange signed an MoU with Shanghai Stock Exchange, and the London Stock Exchange signed an agreement with Haitong Securities to co-operate on launching RMB-denominated ETFs in London.

The transformation of China's bond markets is set to quicken its pace, judging by the first RMB internationalisation report from the People's Bank of China (PBoC), which was published on June 11. There will be a focus on the Panda bond market, while central banks and monetary authorities may have their access to the onshore interbank market eased.

Hong Kong-listed Sunshine 100 China Holdings launched on June 12 a top-up placement to raise HK$850.0m ($109.7m), its first follow-on since the property developer was listed last year.

Real estate developer Vietnam Investment Group Joint Stock Co (VIG) has fully exercised a greenshoe on its borrowing, sealing the loan at $200m with 13 banks.

Comisión Federal de Electricidad (CFE), the Mexican government-owned utility, was forced to price its dollar return wide of price talk on Tuesday in what syndicate bankers said had been a rare mis-step from a Mexican government issuer.

Even bankers working on the deal admitted to being “pleasantly surprised” by the response to El Salvador-based lender Banco Agrícola’s debut senior unsecured deal on Thursday as LatAm companies enjoyed mixed fortunes in the primary market this week.

The Province of Buenos Aires batted away any lingering liquidity concerns this week as three quarters of bondholders in its dollar bonds due in October agreed to switch into notes maturing in 2021.

Investors have been crying out for yield for months, and now they're available, they're not investing.