London Stock Exchange welcomes IFC’s Five-Year RMB Bond
London Stock Exchange today welcomed IFC to mark the listing of IFC’s five year renminbi-denominated bond. The bond, issued on September 16, raised 1 billion renminbi from international investors, and makes IFC the largest issuer of renminbi-denominated bonds listed on the London Stock Exchange. This is also the longest-dated renminbi issuance by a triple-A rated issuer in London.
"IFC is committed to helping China deepen its capital markets," said IFC Vice President and Treasurer Jingdong Hua. "By offering different tenors for triple-A rated renminbi bonds, we are extending the yield curve and attracting a broad range of investors globally, bringing depth and diversity to China’s offshore markets."
Earlier this year, IFC became the first international institution to list renminbi-denominated bonds on the London Stock Exchange with a three-year, 2 billion yuan issue. IFC has also listed renminbi-demoninated green bonds on the London Stock Exchange.
Previously, IFC pioneered the international issuance of renminbi-denominated bonds in China (Panda bonds) and Hong Kong (Dim Sum bonds). IFC was also the first to set up a program to regularly issue offshore renminbi-denominated discount notes.
IFC, a member of the World Bank Group, is the largest global development institution focused exclusively on the private sector. Working with private enterprises in about 100 countries, we use our capital, expertise, and influence to help eliminate extreme poverty and boost shared prosperity. In FY14, we provided more than $22 billion in financing to improve lives in developing countries and tackle the most urgent challenges of development. For more information, visit www.ifc.org