Bank of China plans Yuan bond in Luxembourg

Quotes from the South China Morning Post:

“The bonds, the first to be listed in the euro zone by a Chinese firm, will be issued by BOC’s Luxembourg branch and carry a maturity of three years.

Luxembourg is the third city outside China where the state-backed bank has chosen to issue an offshore yuan bond.”

Note: The three cities are London, Singapore and Luxembourg.

By |2017-07-14T14:10:33-04:00May 8th, 2014|