Spencer Anderson is a senior report at IFR on the people and markets desk. Since joining in 2011 he has written extensively on banking regulation, tax issues and capital markets. He was previously with the Financial Times.
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Chinese non-policy banks issued their first US dollar bonds of the year last week, as the Hong Kong branches of Shanghai Pudong Development Bank and
Bank of China’s Hong Kong branch became the first of the China’s big four lenders to print offshore bonds this year, in a deal which suggests that more FIG issuers will print floating-rate tranches in 2017.
Chinese issuers rushed to print last-minute US dollar bonds in the final two weeks of 2016, causing a surge of offerings in typically the quietest period of the year.