New rules may be in the works for corporate dim sum bond issuers
Clarity on repatriation of proceeds
Date:
15 December 2011
Keywords (click to search):
Allen & Overy
dim sum bond
corporate
That Baosteel Group (Baosteel) became the first corporate to issue dim sum bonds reflects that the Chinese government is taking steps to clarify its approval process for non-banks to issue yuan-denominated debt securities.
Baosteel, a Chinese state-owned steel manufacturer, is the first Mainland Chinese corporate issuer of offshore renminbi (Rmb) bonds, having received approval from the National Development and Reform Commission (NDRC) and registering the...
Please login or register below to read this article.