Standard Chartered Bank has arranged a 10-year fixed renminbi cross-currency swap based on Hibor for an undisclosed client, highlighting the rapid development of the offshore renminbi market.
Standard Chartered has entered into at least one fixed ten-year tenor renminbi cross-currency swap based on the CNH Hong Kong Interbank-Offered Rate (Hibor), George Nast (pictured), the bank's global head of product for transaction banking told a panel at the Swift International Banking Operations Seminar (Sibos) in Dubai last week.
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