Bloomberg News

Dim Sum Yield Not Falling Back to Lows Soon, Owen Says

February 02, 2012

(Corrects headline and first paragraph of story first published Feb. 1 to show Owen was referring to prices.)

Feb. 1 (Bloomberg) -- Yields for Hong Kong Dim Sum bond issuance won’t “come back any time soon” to levels seen last year amid concern the yuan’s appreciation is limited, Caroline Owen, head of debt origination for North America at Standard Chartered Plc, said at the Bloomberg Link China conference in New York.

Issuers were able to price three-year bonds at yields around 1 percent last year, she said. America Movil SAB sold 1 billion yuan ($159 million) of three-year debt yesterday to yield 3.5 percent.

--Editor: Emma O’Brien

To contact the reporter on this story: Ye Xie in New York at yxie6@bloomberg.net

To contact the editor responsible for this story: Emma O’Brien at eobrien6@bloomberg.net


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