Cover ratio and Dim sum bond: Difference between pages

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An investor's measure of the safety of their future income flow from an investment.
A bond denominated in Chinese renminbi, but issued and settled outside the People's Republic of China (PRC).


The cover ratio is calculated as:
Initially the issuers were the [[PRC]] and Hong Kong banks.
#The investment's internal cash flow - or its accounting equivalent flow - available to pay the investor's income DIVIDED BY:
 
#The income flow expected by, or contractually payable to, the investor.
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 ==
* [[Annual Debt Service Cover Ratio]]
* [[Bulldog bond]]
* [[Debt service ratio]]
* [[China]]
* [[Dividend cover]]
* [[Formosa bond]]
* [[Interest cover]]
* [[Hong Kong]]
* [[Uncovered]]
* [[Panda bond]]
 
* [[Samurai bond]]
[[Category:Corporate_finance]]
* [[Yankee bond]]
[[Category:Long_term_funding]]
* [[Yuan renminbi]]
[[Category:Treasury_operations_infrastructure]]

Revision as of 16:40, 19 November 2017

A bond denominated in Chinese renminbi, but issued and settled outside the People's Republic of China (PRC).

Initially the issuers were the PRC and Hong Kong 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