ANZ dim sum

ANZ taps arbitrage opportunity with London dim sum

More European and US borrowers could follow ANZ in tapping the dim sum market as swaps move in their favour.

<div style="text-align: left;"> ANZ: Returning to the dim sum market to exploit arbitrage opportunity </div>

Denise Wee

August 10, 2012

Australia and New Zealand Banking Group (ANZ) priced a London-listed Rmb1 billion ($157 million) three-year offshore renminbi bond on Wednesday night, swapping the proceeds to US dollars.

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Debt
Banks
Australasia

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