KfW deepens offshore renminbi market

Frankfurt-listed dim sum bonds should increase further the Chinese currency's exposure to investors across Europe.

KfW deepens offshore renminbi market

The dim sum bonds listed in Frankfurt by KfW, a first for continental Europe’s finance capital, are a further step in promoting the region as an important market for the currency.

KfW, the German state-owned development bank, raised Rmb1 billion $162 million on Tuesday by issuing renminbi-denominated bonds in Hong Kong. The bond, with a maturity of 2 years, was priced at 1.375%.

The bonds...

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