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“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

by Ella Arwyn Jones
September 2, 2022
in Finance
Reading Time: 1 min read
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Final week August 24, United Abroad Financial institution UOB China efficiently priced a senior unsecured RMB 1 billion USD 146.04 million issuance within the China Interbank Bond Market CIBM, underneath the Bond Join 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 price of two.88% equal to 50 bps over the corresponding China Growth Financial institution bond reference yield, the issuance achieved the bottom ever absolute…


¬ Haymarket Media Restricted. All rights reserved.



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Tags: BankbondCentralChinChinaconnectGroupIntactinterbankinternationalisationKohMarketoverseaspandaRemainsRMBTrendUnitedUOBuobc
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