July 02, 2009

Second HK Bank to Issue Yuan Bonds

Hong Kong based Bank of East Asia will issue Y4 billion worth of Yuan denominated bonds (over half a billion US dollars) in an offering to be revealed next week. Last week HSBC was the first non-Chinese bank in the financial hub to issue Yuan bonds. Readers will recall the 'run' on the Bank of East Asia as the Panic of '08 began....

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