London’s position as home of RMB issuance confirmed as Hungary lists first Chinese currency bond

  • Becomes second non-Chinese issuer of sovereign RMB debt
  • 30th RMB bond on London Stock Exchange in 2016
  • Hungarian Government lists RMB denominated RMB1 billion bond in London
  • Cements London’s position as leading international listing venue for RMB debt issuance

London Stock Exchange today saw the second RMB denominated government bond of a non-Chinese issuer admitted to trading on its markets. The Hungarian Government mandated the Bank of China to arrange an RMB denominated three year sovereign bond of RMB 1 billion as part of a wider initiative to boost links and commerce between Hungary and China. 
 
London Stock Exchange has a strong track record of supporting RMB issuance on its markets. There are 65 so-called dim sum bonds on London Stock Exchange, with an aggregate value of RMB 28 billion / GBP 2.9 billion. In 2016 alone, 30 new RMB bonds have been admitted to trading in London, raising close to RMB 6 billion / GBP 640 million.
 
Nikhil Rathi Chief Executive Officer, London Stock Exchange plc: 
“London is the world’s most international financial market and home to the largest number and most diversified issuer base for RMB bonds in the world. Today’s listing, Hungary’s first RMB denominated bond and a first for Continental Europe, is a clear demonstration of London Stock Exchange’s position as a leading centre for RMB debt issuance.”
 

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Media

 

Alexandra Ritterman

Tom Gilbert

+44 (0)20 7797 1222

newsroom@lseg.com

2016 RMB Bond Issuances in London

Issuer Name

Issue Date

Amount Issued (RMB)

Hungary Government International Bond

25/04/2016

                          1,000,000,000

Standard Chartered Bank

15/04/2016

                              432,000,000

Standard Chartered Bank

15/04/2016

                              470,000,000

Westpac Banking Corp

20/04/2016

                              190,000,000

QNB Finance Ltd

20/04/2016

                              120,000,000

Commonwealth Bank of Australia

21/04/2016

                              100,000,000

Royal Bank of Canada

21/04/2016

                              130,000,000

Commonwealth Bank of Australia

19/04/2016

                                90,000,000

European Bank for Reconstruction & Development

19/01/2016

                              160,000,000

Westpac Banking Corp

29/03/2016

                              135,000,000

Royal Bank of Canada

18/03/2016

                              150,000,000

Westpac Banking Corp

18/03/2016

                              131,000,000

National Bank of Abu Dhabi PJSC

15/03/2016

                              130,000,000

Royal Bank of Canada

11/03/2016

                             230,000,000

Commonwealth Bank of Australia

07/03/2016

                              180,000,000

Commonwealth Bank of Australia

14/03/2016

                              131,000,000

Australia & New Zealand Banking Group Ltd

03/03/2016

                              131,000,000

Westpac Banking Corp

22/03/2016

                              130,000,000

Commonwealth Bank of Australia

25/02/2016

                              310,000,000

Commonwealth Bank of Australia

21/03/2016

                             150,000,000

Commonwealth Bank of Australia

10/03/2016

                              135,000,000

Royal Bank of Canada

04/03/2016

                              200,000,000

Commonwealth Bank of Australia

12/01/2016

                              210,000,000

Australia & New Zealand Banking Group Ltd

22/01/2016

                                65,000,000

National Bank of Abu Dhabi PJSC

15/01/2016

                              130,000,000

Royal Bank of Canada

25/01/2016

                              195,000,000

Commonwealth Bank of Australia

02/03/2016

                              150,000,000

Australia & New Zealand Banking Group Ltd

25/01/2016

                              200,000,000

Commonwealth Bank of Australia

11/03/2016

                              100,000,000

Commonwealth Bank of Australia

04/03/2016

                                65,000,000