StanChart boosts CNH liquidity in European timezone
Standard Chartered has passed 1 billion yuan in outstanding euro commercial paper (ECP) issuance, positioning the bank as the largest issuer of renminbi-denominated ECP out of London, it announced today.
This further develops London's quest to become an offshore renminbi (CNH) centre, and the scale of issuance illustrates the pace and momentum taking place in this market. It increases liquidity and leverages London's product capabilities and infrastructure.
Listed on Euroclear, the ECP bridges
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