Offshore renminbi bond market to take off in 2012

city-of-london-dragon-and-gherkin

One of the biggest success stories of the past 12 months has been the growth of the offshore renminbi (CNH) bond market, as investors sought to gain exposure to a sharp appreciation of the Chinese yuan. The enthusiasm for the notes – dubbed dim sum bonds – accompanied a surge of new issuance, with some CNH113 billion (US$17.9 billion) in supply hitting the market in 2011, up from CNH36 billion the previous year.

With funding rates as low as 1%–2%, demand was easily matched by issuers ranging

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: