Mongolia tastes its first dim sum bond

Given the incentive of the high coupon of 10%, the issue provides an interesting investment alternative for CNH bond investors and further diversifies the offshore renminbi bond market.

Trade and Development Bank of Mongolia has priced the first renminbi-denominated bonds from the country, raising Rmb700 million ($115 million) at a10.0% yield, a record high coupon for a dim sum offered by a bank issuer.

¬ Haymarket Media Limited. All rights reserved.

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