Dim Sum Bonds on London Stock Exchange

There are now 73 dim sum bonds listed on the London Stock Exchange's markets with a combined volume of RMB 30.02 billion (US$4.8 Billion) from a diversified issuer base of over 20 issuers.

  • There are currently 73 dim sum bonds listed on London Stock Exchange’s markets with a combined outstanding amount of RMB 30.02 billion ($4.8 billion equivalent) from a very diversified issuer base of more than 20 issuers.
  • In 2015, the Peoples Bank of China took further steps towards the internationalisation of the renminbi and opening up of its capital markets. 20 RMB denominated bonds were listed in London by mainland Chinese banks and Supranationals including Bank of China, International Finance Corporation, China Development Bank, Agricultural Bank of China and China Construction Bank.
  • An increasingly wider range of companies is looking at London to issue Renminbi denominated debt securities, and a steadily growing pool of capital is ready to absorb a higher level of dim sum bond issuance.
  • An increased primary market activity has characterized H1 2016 with 38 dim sum bonds listing in London bonds raising CNY 7.86 billion ($1.2 billion) by non Chinese entities from across the world including the first RMB bond by Hungary, the first dim sum bond by a sovereign from Continental Europe

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Issuer Name Security Name Issue Date Maturity Coupon (%) Amount Issued (CNY) MM/PSM
Westpac Banking Corp WSTP 4.19 05/12/21 12/05/2016 12/05/2021 4.19 130,000,000 Main Market
First Gulf Bank PJSC FGBUH 4.6 05/13/19 12/05/2016 13/05/2019 4.6 65,000,000 Main Market
Standard Chartered Bank STANLN 4 1/4 05/09/18 09/05/2016 09/05/2018 4.25 925,000,000 Main Market
Royal Bank of Canada RY 4 05/06/19 06/05/2016 06/05/2019 4 150,000,000 Main Market
Commonwealth Bank of Australia CBAAU 4 05/03/18 03/05/2016 03/05/2018 4 170,000,000 Main Market
Royal Bank of Canada/Toronto RY 4.12 04/29/19 29/04/2016 29/04/2019 4.12 200,000,000 Main Market
Commonwealth Bank of Australia CBAAU 4.15 04/28/19 28/04/2016 28/04/2019 4.15 100,000,000 Main Market
QNB Finance Ltd QNBK 4.7 04/27/18 27/04/2016 27/04/2018 4.7 170,000,000 Main Market
Hungary Government International Bond REPHUN 6 1/4 04/25/19 25/04/2016 25/04/2019 6.25 1,000,000,000 Main Market
Commonwealth Bank of Australia CBAAU 4 1/4 04/21/19 21/04/2016 21/04/2019 4.25 100,000,000 Main Market
Royal Bank of Canada RY 4.23 04/21/19 21/04/2016 21/04/2019 4.23 130,000,000 Main Market
QNB Finance Ltd QNBK 4.87 04/20/18 20/04/2016 20/04/2018 4.87 120,000,000 Main Market
Westpac Banking Corp WSTP 4.39 04/20/20 20/04/2016 20/04/2020 4.39 190,000,000 Main Market
Commonwealth Bank of Australia CBAAU 4.23 04/19/19 19/04/2016 19/04/2019 4.23 90,000,000 Main Market
Standard Chartered Bank STANLN 4.52 04/15/19 15/04/2016 15/04/2019 4.52 432,000,000 Main Market
Standard Chartered Bank STANLN 4.56 04/15/19 15/04/2016 15/04/2019 4.56 470,000,000 Main Market
Westpac Banking Corp WSTP 4.8 03/29/19 29/03/2016 29/03/2019 4.8 135,000,000 Main Market
Westpac Banking Corp WSTP 4 3/4 03/22/19 22/03/2016 22/03/2019 4.75 130,000,000 Main Market
Commonwealth Bank of Australia CBAAU 4.685 03/21/19 21/03/2016 21/03/2019 4.685 150,000,000 Main Market