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Cross-currency swaps allow liquid alternative to dim sum
May 25, 2012
From Alexander Lobov
Foreign corporates with operations on the mainland can borrow in their home currency and use cross-currency swaps into CNH as an alternative to issuing dim sum bonds.
The development of the offshore renminbi (CNH) bond market in Hong Kong – otherwise known as “dim sum” – has also seen the parallel growth of the cross-currency swap market in both deliverable and non-deliverable forwards. These swaps are a...
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