HSBC, Citi Said to Apply to Underwrite Yuan Bonds in China
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HSBC Holdings Plc and Citigroup Inc. are among several foreign banks that have applied to underwrite a wider range of yuan-denominated corporate bonds in China, a person familiar with the situation said.
No time frame has been set for approval of the applications, said the person, who asked not to be identified as he wasn’t authorized to speak to media. He declined to identify the other banks that have applied.