ADB makes its mark with offshore Rmb1.2 billion bond

Asian Development Bank breaks new ground with a 10-year offshore renminbi bond and sets the foundations for the construction of a yield curve.

Politicians and central bankers throughout the world daily opine or whine about the uncompetitive value of China’s currency. But, barely a month goes by without an initiative in the offshore renminbi markets that portends its increasing role as an international means of exchange.

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