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

ICBC plans first dim sum bond using money transfer rules

Updated: 2011-10-28 07:59

By Tanya Angerer and Fion Li(HK Edition)

  Print Mail Large Medium  Small

ICBC plans first dim sum bond using money transfer rules

A pedestrian walks past an ICBC branch in Beijing. The bank is planning to sell yuan-denominated offshore bonds in Hong Kong. Nelson Ching / Bloomberg

Industrial & Commercial Bank of China Ltd is planning to sell yuan-denominated offshore bonds, which will be the first to test Beijing's extended foreign direct investment program, according to a Fitch Ratings release on Thursday.

The proceeds from the so-called dim sum bonds issued by ICBC's Asian unit and sold in the Hong Kong markets will be used by the Hong Kong-listed bank's fully owned subsidiary Chinese Mercantile Bank. It would become the first Hong Kong entity to make a direct yuan investment into the mainland, the ratings company document said.

Bank of China Ltd, Credit Suisse Group AG, DBS Group Holdings Ltd, Goldman Sachs Group Inc, HSBC Holdings Plc and ICBC International will manage the sale, according to a person with direct knowledge of the issue.

ICBC is marketing the bonds, which will probably mature in about 10 years, to investors at a yield of 6 percent, another person with direct knowledge of the sale said. Both people declined to be identified because the details are private.

The offering will also be the first yuan-denominated subordinated note in the so-called "dim sum" market and the first Basel III-compliant security by a Hong Kong-listed bank, Fitch said.

Hilda Chow, ICBC Asia's head of corporate communications in Hong Kong, declined to comment on the bond sale when contacted by e-mail earlier on Thursday.

The central government announced rules allowing foreign direct investment with yuan raised offshore on October 14, relaxing approvals for investments of less than 300 million yuan ($47 million) not involved in the cement, steel, shipbuilding and leasing industries.

Sales of yuan-denominated bonds in Hong Kong jumped to 132 billion yuan this year from 35.7 billion yuan for the whole of 2010, data compiled by Bloomberg show. Other companies planning to sell dim sum bonds include the mainland's Tsinlien Group Co.

The HSBC Offshore Renminbi Bond Index traded little changed at 98.678 on Wednesday, from a peak of 102.35 reached on May 31. The average yield on dim sum bonds jumped 56 basis points, or 0.56 percentage point, to 3.704 percent this month.

Bloomberg

(HK Edition 10/28/2011 page2)

主站蜘蛛池模板: 国产精品三 | 国产美女激情视频 | www.com.av| 青青草原伊人网 | 日韩美女在线 | 久久国产高清 | 国产精品毛片视频 | 精品一区二区在线播放 | 成人短视频在线播放 | 日韩经典中文字幕 | 日韩第三页 | 国产在线xxx | 激情欧美在线 | 午夜国产免费 | 国产剧情av在线播放 | 国产精品国色综合久久 | 综合久久综合久久 | 国产乱来 | 国产三级精品三级在线观看 | 一区二区影院 | 艹久久 | 国产又爽又黄又嫩又猛又粗 | 六月色 | 亚洲一区二区三区在线免费观看 | 97免费 | 国产一区二区三区视频 | 中文字幕亚洲日本 | 国产精品国产三级国产a | 亚洲女人初尝黑人巨大 | 一级无毛片 | 在线你懂的 | av一区三区 | 国产日韩综合 | 亚洲国产中文字幕在线 | 一级做a爱片性色毛片 | 男人天堂资源 | 激情五月婷婷色 | 国产一区二区视频在线 | 人人狠狠 | 天堂精品视频 | 亚洲综合视频网 |