Kfw may have sold the first Frankfurt-listed Chinese renminbi bond this week, but some market watchers say the Triple A rated issuer's new sale is a long way off from providing the impetus for a larger shift in Dim Sum market dynamics. Germany's largest promotional bank is supporting the recent initiative to promote Frankfurt as a financial centre for renminbi, which is backed by several parties both in politics and the wider economy. And it was an all-German affair, with Deutsche Bank along with Commerzbank appointed as lead managers.
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