Markets and clients: the dim sum bond market
Linklaters has been at the forefront in developing the legal framework for the dim sum bond market, acting on more offshore RMB bond transactions than any other law firm, including the first repeated issues by Hopewell Highway Infrastructure (HHI), the first corporate issuer, and Caterpillar, the first industrial multinational issuer.
We have marked the first anniversary of the landmark HHI bond offering by advising China’s Ministry of Finance on the sale of its RMB 20bn of sovereign bonds in Hong Kong - by far the largest ever offshore RMB bond transaction. The size of this deal is testimony to the depth of the rapidly growing offshore RMB bond market and the liquidity which is now available.
