First ever bond for Bosch Siemens is "Dim Sum"

Newswire

FRANKFURT, Sept 21 (Reuters) - A leading German white goods manufacturer owned by industrial conglomerates Siemens and Bosch borrowed 2 billion yuan ($313.3 million) on the offshore renminbi bond market in Hong Kong, the firm's first ever debt issue. China has allowed non-financial corporations to issue so called "Dim Sum" offshore bonds denominated in its own currency only since last year, so the issue is just the second for a German company after Volkswagen in May. "So far many western ...

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