HSBC dim sum

HSBC issues first renminbi bond in London

HSBC issues a Rmb2 billion renminbi bond and allocates 60% to European investors, a sign that renminbi deposits in London have hit critical mass.

Denise Wee

April 19, 2012

HSBC priced a Rmb2 billion ($317 million) three-year international renminbi bond early this morning — the first to be launched outside of Hong Kong. It will be issued in London and listed on the London Stock Exchange.

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