Monday, May 27, 2013

FOXBusiness.com: U.K. Banks Sell Dim Sum Bonds in Singapore

FOXBusiness.com
FOX Business Network - The Power to Prosper
U.K. Banks Sell Dim Sum Bonds in Singapore
May 28th 2013, 00:55

HSBC Holdings PLC (HBC) and Standard Chartered PLC (STAN.LN) issued 1.5 billion yuan ($245 million) of dim sum bonds in Singapore, becoming the first lenders to take advantage of the Southeast Asian country's newly launched yuan-clearing system.

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