CAF Joins Dim Sum Club
Corporacion Andina de Fomento (CAF) is the latest borrower to tap the growing offshore Chinese renminbi (RMB), or Dim Sum, market, selling a CNH600m ($97m) 3-year bond. In becoming the region’s third issuer to sell a publicly placed Dim Sum bond, the bank continues to diversify funding sources outside of its well-established USD, EUR and JPY and CHF curves. The Aa3/ A+/A+ supranational lender priced at par...
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