McDonald's sells yuan bonds

McDonald’s, which opened its first 1,000 restaurants in China faster than any other country outside the U.S., sold 200 million yuan ($29 million) of 3 percent notes due in September 2013. Bentonville, Arkansas-based Wal-Mart Stores Inc., the world’s largest retailer, said in March it was considering selling bonds in yuan.

McDonald's Sets Benchmark for China With Yuan Bond Sale

The pace of change will increase as more foreign companies take advantage of reforms, and that will drive the need for more reform of the currency.

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