South China Morning Post

Yulan bond debuts in Dubai amid Beijing’s yuan-denominated asset push

Against a backdrop of geopolitical strains in the Middle East, the Yulan renminbi bond structure has made its debut in Dubai, garnering strong investor interest with its order book more than five times oversubscribed, as global investor appetite for yuan assets remains firm. Bank of China Dubai rang the listing bell at Nasdaq Dubai on Tuesday for its offshore bond, issued under the Yulan structure. Priced at 2 billion yuan (US$299.6 million) with a two-year tenor, the deal tightened 50 basis...

By South China Morning Post

1 min read
Yulan bond debuts in Dubai amid Beijing’s yuan-denominated asset push
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