Investors flock back to feast on dim sum bonds

Renewed renminbi appreciation has seen investors flock back to the dim sum bond market once more, with issuance more than doubling month-on-month in November. Over $1 billion in offshore renminbi, or CNH, bonds was issued by eight entities last month, compared with $480 million in issuance the month before, according to data provider Dealogic. This coincides with greater confidence in RMB appreciation, with the currency having risen by more than 2.6% against the US dollar betwee…