Deutsche Bank has launched a new index tracking yuan-denominated debt sold in Hong Kong, Bloomberg reports. The Deutsche Bank Offshore Renminbi Bond Index Tracker will be offered to institutional investors in dollars, offshore yuan and Hong Kong dollars.
The index will include dim sum bonds and certificates of deposit with minimum maturity of one year and minimum issue size of $155 million. The monthly trading volume of dim sum bonds is expected to reach $37.9 million this month.
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