Bonds denominated in renminbi in the Hong Kong market, known as CNH bonds, outperformed dollar - denominated and
other local currency bonds in Asia last year, with a more than 6 % total return in dollar terms, as investors sought stability in the resilience of the Chinese currency, according to a report by HSBC.
Not exact matches
And indeed, Rosneft this week raised some $ 9.4 billion through the sale of
local currency bonds, at a time when it has no
other conceivable use for such a huge pile of cash.
That group issued a report in September, identifying ways international development banks and
other organizations can support the development of
local currency green
bond markets around the world.
Other investors may want to consider the iShares Emerging Markets
Local Currency Bond ETF (LEMB), iShares Emerging Markets Corporate
Bond ETF (CEMB), or iShares Emerging Markets High Yield
Bond ETF (EMHY).
On the
other hand, the S&P Pan Asia Sovereign
Bond Index, which seeks to track the performance of
local -
currency - denominated sovereign
bonds in 10 countries, continued its plunge this quarter, dropping 2.26 % for the month and 0.15 % YTD as of Dec. 21, 2016.