LSE Group welcomes first RMB-denominated bond to ORB

  • HSBC raises RMB2bn with first non-Sterling issue on retail bond market

London Stock Exchange Group (LSE Group) today welcomes its first Renminbi-denominated bond to the Order book for Retail Bonds (ORB). The HSBC bond, which raised RMB 2 billion (£196 million) at issue, is the first non-Sterling denominated bond open for on-exchange trading by private investors.

Available in denominations of RMB 10,000 (£980), and paying an annual coupon of 2.875 per cent, this is the first product in ORB's dedicated segment for international bond issues.

To mark this significant issue, Samir Assaf, CEO of HSBC's Global Banking and Markets business, today joined Doug Webb, CFO at LSE Group, in opening trading in London.

Doug Webb, CFO at LSE Group, said:

"This is a first for private investors accessing our markets. HSBC's RMB-denominated bond offers investors simple and transparent access to a new non-Sterling debt product. We hope this will be the first of many international issues, reinforcing London's pre-eminent role as a centre for international business."

Samir Assaf, CEO of HSBC's Global Banking and Markets business, said:

"We are delighted to bring this issue to the secondary market, giving investors the opportunity to trade a RMB-denominated security as the currency continues to internationalise. This deal gives a glimpse of the strong potential for international RMB bond issues to be traded on European exchanges."

ORB is LSE Group's electronic market for trading in corporate and government bonds, built specifically to serve the needs of private investors. It is a regulated, transparent platform offering continuous two-way prices in over 150 securities, in typical denominations of £1,000 or less. Investors can access the platform via their broker.

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For further information, and photographs of this morning's event, please contact:

Jonny Blostone +44 (0)20 7797 1222
Press Office newsroom@londonstockexchange.com

Notes to editors:

About the Order book for Retail Bonds (ORB):

The Order Book for Retail Bonds (ORB) is the London Stock Exchange's electronic platform for private investors trading fixed income securities. The ORB offers continuous, transparent, two-way tradable prices in over 150 individual UK gilts, supranational and corporate bonds, all tradable in typical denominations of £1,000 or less. Introduced in February 2010 in response to strong demand from private investors, it offers issuers a high profile route to raise debt capital from a retail audience.

About London Stock Exchange Group:

London Stock Exchange Group (LSE.L) sits at the heart of the world's financial community. The Group operates a broad range of international equity, bond and derivatives markets, including London Stock Exchange; Borsa Italiana; MTS, Europe's leading fixed income market; and Turquoise, offering UK and Russian derivatives trading, pan-European and US lit and dark equity trading. Through its markets, the Group offers international business unrivalled access to Europe's capital markets.

The Group is a leading developer of high performance trading platforms and capital markets software and also offers its customers around the world access to an extensive range of real-time and reference data products and market-leading post-trade services. The Group is also home to a world leading index provider FTSE, which creates and manages over 200,000 equity, bond and alternative asset class indices.

Headquartered in London, United Kingdom with significant operations in Italy and Sri Lanka, the Group employs around 1,900 people.

Further information on London Stock Exchange Group can be found at www.londonstockexchangegroup.com