{"id":6745,"date":"2010-11-24T02:11:21","date_gmt":"2010-11-24T02:11:21","guid":{"rendered":""},"modified":"2010-11-24T02:11:24","modified_gmt":"2010-11-24T02:11:24","slug":"Caterpillar-to-issue-yuan-bond","status":"publish","type":"post","link":"https:\/\/asiancemagazine.com\/?p=6745","title":{"rendered":"Caterpillar to issue yuan bond"},"content":{"rendered":"<p><strong>Caterpillar<\/strong>, the US-based manufacturer of earth-moving equipment, is marketing a two-year Rmb1bn bond to institutional investors in Hong Kong, becoming the first foreign industrial multinational to issue debt in the Chinese currency.<\/p>\n<p><strong>Caterpillar<\/strong> is understood to have secured approval from Chinese regulators &#8212; including the People&#8217;s Bank of China and the State Administration of Foreign Exchange &#8212; to transfer the proceeds of the bond sale to the Chinese mainland, people familiar with the matter told the Financial Times.<\/p>\n<p><strong>Caterpillar<\/strong>, which has operated in China for three decades, has a significant manufacturing and dealer presence in the country, where it employs about 7,400 workers.<\/p>\n<p>Rich Lavin, the manufacturer&#8217;s group president and head of its emerging markets team, will be based in Hong Kong from January, the first time such a senior executive from the company has been permanently located in China. The relocation is intended to show Caterpillar&#8217;s commitment to the country.<\/p>\n<p><strong>Caterpillar&#8217;s bond<\/strong>, which is being arranged by Goldman Sachs, comes two days after China&#8217;s government announced it would sell Rmb8bn ($1.2bn) of bonds in its second such sale in Hong Kong.<\/p>\n<p><a href=\"http:\/\/edition.cnn.com\/2010\/BUSINESS\/11\/23\/caterpillar.reminbi.bond.ft\/index.html\" title=\"SOURCE\">Source<\/a><br \/>\n<!--break--><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Caterpillar, the US-based manufacturer of earth-moving equipment, is marketing a two-year Rmb1bn bond to institutional investors in Hong Kong, becoming<\/p>\n","protected":false},"author":1213,"featured_media":70655,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"colormag_page_container_layout":"default_layout","colormag_page_sidebar_layout":"default_layout","footnotes":""},"categories":[],"tags":[],"class_list":["post-6745","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"magazineBlocksPostFeaturedMedia":{"thumbnail":false,"medium":false,"medium_large":false,"large":false,"1536x1536":false,"2048x2048":false,"colormag-highlighted-post":false,"colormag-featured-post-medium":false,"colormag-featured-post-small":false,"colormag-featured-image":false,"colormag-default-news":false,"colormag-featured-image-large":false,"colormag-elementor-block-extra-large-thumbnail":false,"colormag-elementor-grid-large-thumbnail":false,"colormag-elementor-grid-small-thumbnail":false,"colormag-elementor-grid-medium-large-thumbnail":false},"magazineBlocksPostAuthor":{"name":"Joshua","avatar":"https:\/\/secure.gravatar.com\/avatar\/62ee23f8f40307578d1f284ecd823d77f32da8ea35541e7dbdafeb5da1a4e877?s=96&d=mm&r=g"},"magazineBlocksPostCommentsNumber":"0","magazineBlocksPostExcerpt":"Caterpillar, the US-based manufacturer of earth-moving equipment, is marketing a two-year Rmb1bn bond to institutional investors in Hong Kong, becoming","magazineBlocksPostCategories":[],"magazineBlocksPostViewCount":146,"magazineBlocksPostReadTime":1,"magazine_blocks_featured_image_url":{"full":false,"medium":false,"thumbnail":false},"magazine_blocks_author":{"display_name":"Joshua","author_link":"https:\/\/asiancemagazine.com\/?author=1213"},"magazine_blocks_comment":0,"magazine_blocks_author_image":"https:\/\/secure.gravatar.com\/avatar\/62ee23f8f40307578d1f284ecd823d77f32da8ea35541e7dbdafeb5da1a4e877?s=96&d=mm&r=g","magazine_blocks_category":"","_links":{"self":[{"href":"https:\/\/asiancemagazine.com\/index.php?rest_route=\/wp\/v2\/posts\/6745","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/asiancemagazine.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/asiancemagazine.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/asiancemagazine.com\/index.php?rest_route=\/wp\/v2\/users\/1213"}],"replies":[{"embeddable":true,"href":"https:\/\/asiancemagazine.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6745"}],"version-history":[{"count":0,"href":"https:\/\/asiancemagazine.com\/index.php?rest_route=\/wp\/v2\/posts\/6745\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/asiancemagazine.com\/index.php?rest_route=\/wp\/v2\/media\/70655"}],"wp:attachment":[{"href":"https:\/\/asiancemagazine.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6745"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/asiancemagazine.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6745"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/asiancemagazine.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6745"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}