This case explores the accounting for investments in corporate bonds. The global setting involving a Swiss insurer investing in the Chinese yuan-denominated debt (i.e., “dim sum bonds”) of France-based Renault provides significant opportunity for secondary learning. The case can be used with “Dim Sum Bonds at Renault S.A.”(UVA-C-2373), which involves the accounting for bonds payable from the perspective of the issuer. The accounting for Helvetia’s investments in this case could be undertaken from the perspective of US GAAP or IFRS, and assignment questions could be tailored to explore the accounting for these instruments as, alternatively, held-to-maturity investments, securities that are held-for-sale, or trading securities. The suggested questions to accompany the case require students to record the purchase of corporate bonds acquired at a premium to their face value, the receipt of interest payments, the recording of periodic interest revenue together with the associated amortization of the bond premium, as well as to address the issues of changing market values and a sale of the investment before the maturity of the bonds.