S'pore investors drooling over dim sum bonds
Their participation rate in offshore CNY deals this year hits 35-59%
Add BT as a preferred source
Singapore
SINGAPORE investors are diving enthusiastically into dim sum bonds, a rapidly expanding asset class driven by the Chinese government intent on internationalising its currency.
Year-to-date, dim sum bonds - offshore Chinese yuan (CNY) debt issuances - have reached 357 billion yuan (S$74 billion) from 784 deals. This has exceeded the volume for the whole of 2013 by almost 30 per cent, according to Bloomberg.
TRENDING NOW
Malaysian tycoon Vincent Tan’s sell-downs point to pruning rather than an exit plan
EU and Asean at 50: time for bold action
Tiger Beer lines up new products as Singapore operations’ role shifts from brewing to innovation
Asean must retain more value as its digital economy races towards US$2 trillion: Indonesian minister
