ANZ widens dim sum market with Basel III landmark

First ever Basel III-compliant renminbi bond from a foreign company reinforces Hong Kong as the premier offshore hub.

ANZ widens dim sum market with Basel III landmark
Hong Kong

ANZ has issued the first ever Basel III-compliant renminbi bond from a foreign company, reinforcing Hong Kong as the premier offshore hub as mainland China comes off a difficult week.

The Australian bank’s Rmb2.5 billion $400 million tier-2 subordinated note in Hong Kong a 10-year non-call five tier-2 bond at a yield of 4.75% sets the stage for more such Basel III instruments.

It was priced late on Wednesday night, in...

To continue reading, please login or register for free

Click for more on: china | hong kong | rmb | bonds | anz

Print Edition

FinanceAsia Print Edition

CONFERENCES