ADB launches landmark renminbi bond in Hong Kong

asian-development-bank-manila-hq

The Asian Development Bank (ADB), a multilateral institution, launched its first international renminbi bond on Tuesday.

The bond, which was launched in Hong Kong, drew an order book of more than Rmb2 billion ($30.9m), leading the ADB to increase its issuance from Rmb1 billion to Rmb1.2 billion.

McDonalds, a food company, and Hopewell Highways Infrastructure, a Hong Kong building company, have also issued international renminbi bonds in Hong Kong. However, with a ten-year maturity and a triple-A

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.