Dim sum bond and Fallen angel: Difference between pages

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imported>Doug Williamson
(Link with Formosa bond page.)
 
imported>Doug Williamson
(Create page. Source: The Treasurer, Aug 2018, p17.)
 
Line 1: Line 1:
A bond denominated in Chinese renminbi, but issued and settled outside the People's Republic of China.
1. ''Credit rating''.
 
An issuer of a bond that was formerly investment-grade, that has now fallen to non-investment grade.
 
 
2.
 
An issuer of a share whose price has fallen very sharply from earlier high levels.
 
 
<span style="color:#4B0082">'''''Energis turnaround'''''</span>
 
:"I followed the turnaround path to Energis, a fallen angel telco, where I had my first line responsibility for treasury."
 
:''Adam Richford FCA FCT, Group Treasurer, Renewi, The Treasurer, August 2018, p17.''


Developing from 2007 in Kong-Kong, initially the issuers were [[PRC]] and HK banks. As Chinese restrictions eased somewhat from 2010, Chinese non-financial companies (corporates), foreign banks, foreign corporates and eventually foreign regional governments and sovereigns made issues.


The offshore renminbi is known as CNH.




== See also ==
== See also ==
* [[Bulldog bond]]
* [[Credit rating]]
* [[Formosa bond]]
* [[Junk]]
* [[Panda bond]]
* [[Investment grade]]
* [[Samurai bond]]
* [[Non-investment grade]]
* [[Yankee bond]]
* [[Telco]]
* [[Yuan renminbi]]

Revision as of 15:49, 3 August 2018

1. Credit rating.

An issuer of a bond that was formerly investment-grade, that has now fallen to non-investment grade.


2.

An issuer of a share whose price has fallen very sharply from earlier high levels.


Energis turnaround

"I followed the turnaround path to Energis, a fallen angel telco, where I had my first line responsibility for treasury."
Adam Richford FCA FCT, Group Treasurer, Renewi, The Treasurer, August 2018, p17.



See also