{"id":282128,"date":"2026-02-13T11:40:13","date_gmt":"2026-02-13T11:40:13","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/282128\/"},"modified":"2026-02-13T11:40:13","modified_gmt":"2026-02-13T11:40:13","slug":"africas-yuan-pivot-why-more-top-lenders-are-eyeing-chinas-bond-market","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/282128\/","title":{"rendered":"Africa\u2019s yuan pivot: why more top lenders are eyeing China\u2019s bond market"},"content":{"rendered":"<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">Beijing\u2019s push to internationalise the yuan is gaining a new vehicle in Africa as another major multilateral lender is set to diversify towards the Chinese currency to slash borrowing costs and reduce the risks of dollar volatility.<\/p>\n<p>Multilateral lender Africa Finance Corporation (AFC) has confirmed that a debut <a target=\"_self\" class=\"e1yy41x40 ef9u0v01 css-1ankfgb ecgc78b0\" href=\"http:\/\/scmp.com\/economy\/china-economy\/article\/3300516\/panda-vs-samurai-chinas-panda-bond-market-size-tops-japans-amid-yuan-internationalisation?module=inline&amp;pgtype=article\" title=\"\" data-qa=\"BaseLink-renderAnchor-StyledAnchor\" rel=\"nofollow noopener\">panda bond<\/a> issuance is \u201con the table for this year\u201d, as it looks to deepen its ties with Chinese capital markets following last year\u2019s successful triple-A Chinese rating.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">Banji Fehintola, the executive director for financial services at the AFC, said that entering Chinese capital markets was a \u201cnatural evolution\u201d of a strategy built on an established track record with major Chinese lenders, such as China Exim Bank, the Industrial and Commercial Bank of China (ICBC) and Bank of China.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">\u201cYes, it is on the table for this year. It is one of the things we are considering; we began looking at it last year, and it remains on the table this year as well,\u201d he told the South China Morning Post last week.<\/p>\n<p><img decoding=\"async\" data-qa=\"BaseImage-handleRenderImage-StyledImage\" class=\"e1o401188 css-1w1l3op e445x7d0\" loading=\"lazy\" src=\"https:\/\/www.newsbeep.com\/nz\/wp-content\/uploads\/2025\/12\/1765197615_342_maxresdefault.jpg\"\/><\/p>\n<p data-qa=\"SCMPYoutubeVideoPreview-PreviewDuration\" class=\"css-1vqvq42 e1o401181\">16:09<\/p>\n<p data-qa=\"SCMPYoutubeVideoPreview-PreviewTitle\" class=\"css-zasw6y e1o401182\">How China is reshaping its economic ties with Africa<\/p>\n<p>How China is reshaping its economic ties with Africa<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">Fehintola said that while the precise timeline had not been set, investor roadshows were complete and a mandate was in place to act \u201cat short notice\u201d once market conditions were right. He said the issuance remained \u201can important part of our funding plan\u201d.<\/p>\n","protected":false},"excerpt":{"rendered":"Beijing\u2019s push to internationalise the yuan is gaining a new vehicle in Africa as another major multilateral lender&hellip;\n","protected":false},"author":2,"featured_media":282129,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[157688,190,157683,157684,157687,30236,4177,138,607,157685,22129,219,19186,143715,862,157686,111,139,69,5507],"class_list":["post-282128","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-afreximbank","tag-africa","tag-africa-finance-corporation","tag-african-development-bank","tag-angolan","tag-bank-of-china","tag-beijing","tag-business","tag-china","tag-china-exim-bank","tag-cross-border-interbank-payment-system","tag-economy","tag-egypt","tag-industrial-and-commercial-bank-of-china","tag-kenya","tag-lobito-corridor","tag-new-zealand","tag-newzealand","tag-nz","tag-zambia"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/282128","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=282128"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/282128\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/282129"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=282128"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=282128"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=282128"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}