Offshore renminbi bond market to take off in 2012


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 fro

To continue reading...

You need to sign in to use this feature. If you don’t have a 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 indvidual account here: