|
Clearstream won the Editor’s award for innovation by the Global Custodian magazine in recognition of its role in the first RMB issuance in Luxembourg by Chinese banks. Clearstream supported and facilitated this significant first European issuance by Bank of China Luxembourg of an offshore Renminbi "Schengen" bond onto the international market in May 2014 with a volume of RMB 1.5bn.
This issuance marked another major milestone in the issuance and development of the offshore Renminbi bond market in Europe and, as such, an important development in the internationalisation of the Renminbi. The internationalisation of the Renminbi pursued by the Chinese authorities is currently one of the most exciting developments in this space that Clearstream, as a core market...
|