GLP

GLP: Could see some interests, after Co. announced that it is tapping into the burgeoning offshore Rmb mkt with a plan to offer as much as Rmb3b (S$572.8m) of fixed rate notes. Offering is part of firm's US$2b euro MTN programme, under which grp can issue notes denominated in any currency. Net proceeds will be used for general corporate purposes…..

Grp add that issuing notes in Rmb also makes sense as grp is looking to expand its operations in China, and income received in RMB will better align with Co’s issuance of Rmb denominated notes, while investor interest in Rmb has risen as the currency strengthens, and Beijing works towards making its currency more global. CICC, JP Morgan, Goldman Sachs and Citi are dealers to the Rmb notes.