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Bank's 1st yuan debt
By Winny Wang |
September 21, 2010, Tuesday
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Print Edition
Print Edition
DEUTSCHE Bank AG announced yesterday it has completed its first yuan debt offering with a 200 million yuan (US$29.7 million) self-led deal, a step towards developing Hong Kong's yuan debt market as a liquid and viable source of yuan financing for foreign issuers.
Comprising 2-year certificates of deposit, the deal was priced with a 2 percent fixed semi-annual coupon and was sold to private bank investors.
Hong Kong's yuan deposit base stands at 103.7 billion yuan, according to the Hong Kong Monetary Authority.
Comprising 2-year certificates of deposit, the deal was priced with a 2 percent fixed semi-annual coupon and was sold to private bank investors.
Hong Kong's yuan deposit base stands at 103.7 billion yuan, according to the Hong Kong Monetary Authority.
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