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Taiwan dim sum bond deals depend on offshore RMB lending

July 04, 2012  


From Chien Mi Wong

Companies from Taiwan will only increase their usage of Hong Kong’s dim sum bond market if Taipei allows its domestic banks to conduct renminbi business, believe analysts.

Hong Kong will only see substantial offshore renminbi bond issuance from Taiwanese corporates once Central Bank of the Republic of China (Taiwan) – also known as the ROC Central Bank – relaxes the renminbi restrictions imposed on its domestic bank units (DBUs).


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SOUTHEAST ASIA DCM

Rank Bookrunner Parents Deal Value $ (Proceeds) (m) No. %share 2012 YTD Rank
1 Standard Chartered Bank 3,991 32 8.9 2
2 HSBC 3,710 35 8.3 4
3 Goldman Sachs 3,333 2 7.4 12
4 Deutsche Bank 2,895 14 6.4 8
5 Citi 2,774 9 6.2 5
6 JPMorgan 2,288 7 5.1 3
7 DBS 2,106 25 4.7 1
8 Siam Commercial Bank 1,835 16 4.1 21
9 Barclays 1,586 3 3.5 9
10 CIMB Group 1,523 27 3.4 13
Subtotal 26,040 123 57.9
Total 44,958 212 100.0



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