The lender said it is the first South-east Asia headquartered bank to secure such a licence, which was awarded by China’s National Association of Financial Market Institutional Investors.
It will enable non-financial enterprises outside of China to tap the world’s second-largest bond market, by leveraging DBS’ track record in helping foreign governments and agencies, supranational organisations and financial institutions”, said the group on Feb 14.
Noting that foreign issuers are increasingly turning to China’s bond markets for financing, the group also highlighted DBS China as the most active foreign bank for panda bonds in the China Interbank Bond Market” since 2021.
Panda bonds refer to renminbi-denominated debt issued in China’s onshore market by non-Chinese companies, governments and organisations.
Denne historien er fra February 15, 2024-utgaven av The Straits Times.
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Denne historien er fra February 15, 2024-utgaven av The Straits Times.
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