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First Foreign Non-Financial Company To Issue Commercial Paper in Offshore Renminbi Market HONG KONG–(BUSINESS WIRE)– UPS (UPS) has executed a commercial paper transaction denominated in the offshore Renminbi currency, creating a new financial vehicle to fund growth projects in China. The issuance last Friday, known as a CNH-denominated commercial paper transaction, totaled CNH 630,000,000 and is the first by a …
Read More »UPS Issues Commercial Paper Denominated in China’s Renminbi
