Friday, March 31, 2023

“The trend of internationalisation of RMB bond market remains intact” – Chin Chin Koh, UOB | china bond, panda bond, china, interbank, bond, market bond, rmb, connect united, overseas, uob, uobc, bank uob, china chin, chin, koh group, central | FinanceAsia

Last week August 24, United Overseas Bank UOB China efficiently priced a senior unsecured RMB 1 billion USD 146.04 million issuance within the China Interbank Bond Market CIBM, below the Bond Connect scheme.

The issuance marked the fourth time that the Singapore-headquartered financial institution had tapped the Yuan-denominated market, following its debut onshore monetary issuance in 2018, its first Panda bond issuance in 2019, and a UOB China Tier 2 bond in the identical 12 months.

With a three-year tenor and a coupon fee of two.88% equal to 50 bps over the corresponding China Development Bank bond reference yield, the issuance achieved the bottom ever absolute…

¬ Haymarket Media Limited. All rights reserved.

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