Unilever's yuan debt
By Feng Jianmin |
March 29, 2011, Tuesday
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Print Edition
Print Edition
CONSUMER goods producer Unilever raised nearly 300 million yuan (US$46 million) by offering yuan-denominated debt in Hong Kong yesterday, making it the first European company to tap the growing offshore yuan market.
The yield was 1.15 percent, slightly lower than the 1.25 percent suggested in initial guidance, indicating strong demand.
Yields of yuan-denominated debt, or dim sum bonds, have been steadily tighter as investors bet on a further appreciation of the yuan.
The yield was 1.15 percent, slightly lower than the 1.25 percent suggested in initial guidance, indicating strong demand.
Yields of yuan-denominated debt, or dim sum bonds, have been steadily tighter as investors bet on a further appreciation of the yuan.
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