Unilever Rmb bond reveals PBOC approval sensitivities

Author: | Published: 8 Apr 2011

The first renminbi-denominated note by a European multinational has highlighted the increasing sensitivity over prioritisations given by the People’s Bank of China (PBOC) regarding remittance approval, lawyers working on the deal have said.

An in-house counsel on last week’s Rmb300 million three-year issue by Unilever, said a growing...