The moribund offshore renminbi bond market got a shot in the arm on Thursday, with the arrival of its first high-yield deal in some 18 months. But investors with a craving for so-called dim sum bonds may be disappointed panda bonds are set to devour all in their path.
ILFS, an Indian roads and infrastructure firm, Rmb900 million $138 million from an upsized three-year dim-sum bond on Wednesday. On the face...