Debut non-deliverable renminbi interest rate swap completed
HSBC and Standard Chartered conduct a Rmb100 million three-year fixed rate non-deliverable interest rate swap transaction.
HSBC and Standard Chartered completed the first ever renminbi non-deliverable interest rate swap transaction yesterday August 16. The new structure will create an important hedging tool for investors and corporates in China.
The Rmb100 million transaction has a three-year tenor. The deal pays a fixed rate at 3.09%. Nittan Capital Asia acted as broker on the deal.
The non-deliverable renminbi interest rate swap was developed to help corporate clients and financial institutions hedge their interest rate exposure in the...
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