London’s Position As Home Of RMB Issuance Confirmed As Hungary Lists First Chinese Currency Bond

• Becomes second non-Chinese issuer of sovereign RMB debt
• 30^th RMB bond on London Stock Exchange in 2016
• Hungarian Government lists RMB denominated RMB1 billion bond in London
• Cements London’s position as leading international listing venue for RMB debt issuance

London Stock Exchange today saw the second RMB denominated government bond of a non-Chinese issuer admitted to trading on its markets. The Hungarian Government mandated the Bank of China to arrange an RMB denominated three year sovereign bond of RMB 1 billion as part of a wider initiative to boost links and commerce between Hungary and China. 
 
London Stock Exchange has a strong track record of supporting RMB issuance on its markets. There are 65 so-called dim sum bonds on London Stock Exchange, with an aggregate value of RMB 28 billion / GBP 2.9 billion. In 2016 alone, 30 new RMB bonds have been admitted to trading in London, raising close to RMB 6 billion / GBP 640 million.
 
Nikhil Rathi Chief Executive Officer, London Stock Exchange plc:  
“London is the world’s most international financial market and home to the largest number and most diversified issuer base for RMB bonds in the world. Today’s listing, Hungary’s first RMB denominated bond and a first for Continental Europe, is a clear demonstration of London Stock Exchange’s position as a leading centre for RMB debt issuance.”