Lenovo's 4b yuan bonds snapped up, largest offshore RMB issue in 2015

Singapore

CHINA's Lenovo Group's four billion-yuan bonds (S$800 million) have been snapped up in the biggest offshore renminbi (RMB) sale in 2015 to date.

The five-year benchmark deal which pays 4.95 per cent coupon is one of two biggest non-bank, corporate offshore RMB issues since the offshore RMB bond market opened in mid-2010, said DBS Bank on Thursday. In April 2014, China Unicom also sold four billion-yuan bonds in an offshore RMB issue.