Deutsche Bank Starts Dim Sum Bond Index as Volumes Rise
This article is for subscribers only.
Deutsche Bank AG, the third-largest underwriter of yuan-denominated debt sales in Hong Kong, started an index tracking the bonds as trading volumes surge.
The Deutsche Bank Offshore Renminbi Bond Index Tracker will include dim sum bonds and certificates of deposit with minimum maturities of 12 months and issue sizes of at least 1 billion yuan ($155 million), according to a statement released today. HSBC Holdings Plc, the biggest underwriter of the securities, started an index tracking dim sum bonds in March.