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The current bond issue will be part of a fresh batch of quotas granted by the National Development and Reform Commission to mainland issuers to tap the dim sum market.
While many global entities have tapped the dim sum market in recent months it remains a new market for GCC borrowers," said Chavan Bhogaita, head of markets strategy unit at National Bank of Abu Dhabi.
This enables any company to tap the growing dim sum markets, but subject to an approval from Beijing.