Heavy equipment manufacturer Caterpillar is marketing a two-year 1 billion renminbi bond to institutional investors in Hong Kong. It’s only the second multinational company to test the waters of the “dim sum” market, and its offering is five times the size of the first, a bond from McDonald’s.
Continue reading Caterpillar to Issue Renminbi-Denominated Debt
Caterpillar to Issue Renminbi-Denominated Debt originally appeared on DailyFinance on Wed, 24 Nov 2010 09:32:00.
Filed Under: Company News, McDonald’s, Currency, Caterpillar