日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

US EUROPE AFRICA ASIA 中文
Business / Markets

Dim Sum bonds gaining popularity in Australia

By Bloomberg in Sydney (China Daily) Updated: 2014-11-25 10:57

More Australian corporate borrowers are expected to issue Dim Sum bonds by the middle of next year, Bank of China Ltd said, after the first such offering was made by an Australian state government last week.

The sale by New South Wales, the country's biggest regional economy, of 1 billion yuan ($163 million) of securities opens the door for non-financial companies that do business with China, said Shanjun Hu, Australia country head for Bank of China, which managed the transaction with Australia & New Zealand Banking Group Ltd.

"I can imagine in the coming years more and more Australian companies will participate," Hu said in a Nov 20 interview in Sydney. BOC has spoken to potential issuers and the market may develop "very quickly," possibly reaching "hundreds of billions" of yuan over the next few years, he said.

The NSW offering capped a week in which China's President Xi Jinping addressed parliament in the capital Canberra reached a free trade accord with its largest commercial partner and Sydney was named as the world's 12th offshore yuan clearing hub. China is seeking to encourage greater global use of the yuan with borrowers such as the UK Treasury and Caterpillar Inc issuing Dim Sum debt. ANZ and National Australia Bank Ltd. have previously sold such bonds, data compiled by Bloomberg show.

Australian issuers have sold the equivalent of at least $79 billion of notes offshore this year, borrowing in currencies ranging from US dollars and euros to Swiss francs and Japanese yen, according to data compiled by Bloomberg. The nation's domestic market has seen more than A$77 billion ($67 billion) in transactions, excluding Kangaroo sales. Global offshore yuan bond sales reached 394 billion yuan so far this year, up from 280 billion yuan in all of 2013.

The NSW renminbi deal attracted about 1.4 billion yuan of investor interest, with 44 percent of the debt snapped up by Asian buyers and 24 percent going to purchasers in Australia, ANZ said. The issue was priced to yield 2.75 percent, after being marketed at 2.85 percent.

New South Wales Treasury Corp, the state's funding arm, said it plans to revisit the market following last week's sale of one-year notes and will look at larger and longer-tenor transactions as the swap market develops to allow it to bring the funds raised back into Aussie.

"The market is developing and these are just the first steps towards further issues," said Fiona Trigona, Sydney-based head of funding at NSW Treasury Corp. "There is obviously a lot more development that needs to be done."

The formal announcement that Bank of China's Sydney branch would become a yuan clearing bank came after NSW launched its deal, meaning it is being settled through Clearstream and Euroclear rather than in Australia. Trigona said that Australian settlements are likely once full arrangements are in place with the Austraclear system managed by ASX Ltd, which she expects to be sometime next year.

"It is still relatively early days, but it certainly seems to be a currency that is very much in vogue in terms of investor demand," said Paul White, head of ANZ's global debt syndicate Nov 20. "We have been in discussion with other potential issuers and I would like to think this does kickstart the market."

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 91高清在线视频 | 国产成人97精品免费看片 | 国产精品婷婷午夜在线观看 | 午夜精品久久久 | 又色又爽又黄gif动态图 | av官网在线观看 | 国产精品欧美一区二区三区 | 四虎成人精品永久免费av九九 | 偷拍97| 亚洲免费国产 | 国产福利视频在线 | 日本黄页网站免费大全 | 久久青青国产 | 欧美一级免费 | 日本色www| 九色视频在线观看 | www.亚洲 | 中文字幕在线观看1 | 98av| 国产日韩在线看 | 国产精品黄色 | 欧美成人精品一区二区三区 | 国产一区视频在线播放 | 四虎影视在线播放 | 日本a级大片 | 色综合久久久久 | 午夜视频在线观看一区 | 成人午夜视频免费看 | 成人小视频在线免费观看 | 中文字幕高清视频 | 国产高清在线观看 | 日韩欧美一区在线观看 | 精品久久久久久亚洲精品 | 91久久久久久久久久久久 | 五十路中文字幕 | 国产精品久久久久久精 | 成人毛片100免费观看 | 国产精品播放 | 成人在线超碰 | 真实的国产乱xxxx在线91 | 中文字幕在线观看91 |