"Dim Sum" bond issuers tip toe into expensive market

HONG KONG (May 11): Companies looking to tap the offshore yuan bond market to refinance maturing debt this quarter will face a market increasingly wary of the Chinese currency, in the biggest test of investor appetite since issuance dropped off in 2015.

Bank of China International's (BOCI) data shows that 52.8 billion yuan ($11.07 billion) worth of offshore yuan bonds, known as dim sum bonds, will mature in the second quarter, 45% more than the same period last year and 55% higher than the first quarter.

A handful of property companies are starting to trickle back into the yuan bond market in Hong Kong.

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