Hong Kong’s offshore renminbi market has been given a big boost with news that Caterpillar, the US bulldozer maker, is offering a two-year Rmb1bn bond - the second multinational to launch an issue after McDonald’s Rmb200m bond in August. As Robert Cookson and Hal Weitzman report on ft.com, Caterpillar, which has extensive operations in China, is understood to have secured approval from Chinese regulators – including the People’s Bank of China and the State Administration of Foreign Exchange – to transfer the proceeds of the bond sale to the mainland.
美国推土机制造商卡特彼勒(Caterpillar)发行两年期人民币债券的消息极大地提振了香港人民币债券离岸市场——这是继8月份麦当劳(McDonald)发行2亿元人民币债券之后第二家发行人民币债券的外国跨国公司。