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UK hires Bank of China, HSBC, Standard Chartered for Renminbi bond

OWoN: Remimbi once when the Dollar was King, before they Poop Scooped it all.

The island has sailed into new uncharted seas. One will have to watch who else leaves the USD ship.


Image: Getty Images / Zhang Peng


UK hires Bank of China, HSBC, Standard Chartered for Renminbi bond


Reuters
By William Schomberg
9 October 2014

Britain's finance ministry said it had appointed Bank of China, HSBC and Standard Chartered to help organize the first sale of British government debt denominated in China's renminbi currency.

Britain is hoping to be first Western government to issue an offshore renminbi bond as it deepens its financial links with the world's No.2 economy.

The finance ministry said on Thursday the bond would be a stand-alone issuance and of benchmark size. It would be issued in "due course," the ministry said.

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