Dim sum flow continues amid currency volatility

A planned Rmb1.5 billion issue by Maoye International suggests demand for dim sum bonds might not be dependent on the currency’s appreciation.

A planned Rmb1.5 billion renminbi-denominated bond issue by Maoye International suggests demand for dim sum bonds might not be dependent on the currency’s appreciation.

Maoye International, a Shenzhen-based department store operator in China, is looking to tap the offshore renminbi bond market for the first time.

Deal arrangers Citi and Deutsche Bank started a series of roadshow presentations to professional investors on Monday, according to sources familiar with the situation.

The Maoye deal comes after China Construction Bank Asia and China Eastern Airlines separately priced their Rmb4 billion two-year notes and Rmb2.5 billion three-year notes last week. The two deals received strong demand and...

¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222