NSW to blaze renminbi bond trail for Australia

Australia sees its first renminbi bond issue after Sydney is designated a clearing centre for the Chinese currency.

NSW to blaze renminbi bond trail for Australia

Australia’s largest state by GDP is set to issue Australia's first-ever renminbi government bond, potential raising as much as Rmb1 billion $167 million.

New South Wales Treasury Corporation TCorp plans to launch the one-year bond on Wednesday in order to diversify its funding and help the state capital Sydney evolve as an offshore trading hub for the Chinese currency. 

“TCorp has seen strong levels of investment from the Asian region...

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