Europe ramps up sale of yuan bonds as demand rises

Warsaw

GOVERNMENTS in Europe's developing markets are looking east to seize on a shift in investor demand.

Poland, which saw Asians overtake Americans as its second biggest holders of domestic debt last year, is sending officials to China as early as next month to discuss the sale of yuan-denominated notes to local investors. Russian issuers including VTB Group are also contemplating their first sales to Chinese buyers, while Hungary has already held meetings for a potential sale of yuan bonds abroad.