Insights
Practical questions in offshore RMB and high-yield debt.
Short notes on funding economics, credit structure and the issues that determine whether a transaction is executable.
When Can CNH Be Cheaper Than USD?
Why benchmark rates are only the starting point, and how to compare the two markets on an all-in basis.
Read insightWhat Makes a High-Yield Bond Executable?
Credit enhancement works only when it changes the risk investors actually care about.
Read insightCNH for Emerging-Market Corporates
Where offshore RMB can add value — and where the currency mismatch can erase it.
Read insight