World Bank targets international investors with renminbi bond

Demand for renminbi bonds primarily comes from Asia but the International Finance Corporation's 1 billion yuan issue will target international distribution

The International Finance Corporation has outlined plans to issue a 1 billion yuan bond in London, with the arm of the World Bank targeting international distribution for the issue.

IFC said today it would issue the bond, equivalent to around $165 million in size, next month. It will be the largest renminbi issue by a multilateral institution on the London Stock Exchange .

WSJ Logo
Bill Ackman’s Pro-Tennis Debut Lasted 67 MinutesExternal link

Bill Ackman’s Pro-Tennis Debut Lasted 67 Minutes