Frankfurt issues first bond backed by Chinese currency | Business | DW.DE | 02.05.2014
Frankfurt is joining London, Singapore and Hong Kong in the fast-moving
market for bonds denominated in the Chinese currency, the renminbi.
Germany's KfW development bank announced it was issuing a two-year bond
with the volume of 1 billion renminbi at the Frankfurt Stock Exchange...
[the bonds] have become a huge boost to the popularity of the
currency. The Society for Worldwide Interbank Financial
Telecommunication says the renminbi is now among the top ten most-used
currencies for global trade payments, overtaking the Swiss Franc to
occupy position seven in February.''
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