Hopewell: How renminbi bonds went international

Author: | Published: 13 Jul 2010

Hopewell Highway Infrastructure has closed the first renminbi-denominated bond offered to international investors.

The deal’s success is due to new rules that allow companies to pay renminbi dividends to foreign investors and unprecedented government approvals.
On Tuesday, Hopewell closed the first renminbi-denominated bond from a corporate, which was also the first by a non-PRC issuer. The Rmb1.38...