Thursday, May 8, 2014

Bank of China plans yuan bond in Luxembourg


















My Orchids: Phalaneopsis. "Renminbi". Photo ET


Quotes from the South China Morning Post:

"The bonds, the first to be listed in the euro zone by a Chinese firm, will be issued by BOC’s Luxembourg branch and carry a maturity of three years.


Luxembourg is the third city outside China where the state-backed bank has chosen to issue an offshore yuan bond."



Note: The three cities are London, Singapore and Luxembourg.



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