Dim sum bond

They are named after dim sum, a popular style of cuisine in southern China.

[3] The bonds became more popular as foreign companies sought yuan-denominated assets as the renminbi appreciated in 2011.

This followed similar issues by non-Chinese banks like ANZ, HSBC and Banco do Brasil earlier in the year.

[4] The first foreign-issued dim sum bond by a nonfinancial company was announced on August 19, 2010 and issued on September 16, 2010 by McDonald's.

[1] On 5 November 2013, British Columbia finance minister Mike de Jong reported a successful placement of Chinese RMB$2.5bn in dim sum bonds, listed January 14, 2014 on the Luxembourg Stock Exchange.