The Ministry of Finance (MOF) on Wednesday issued yuan-denominated treasury bonds worth 5 billion yuan (about 723 million U.S. dollars) in Hong Kong.
The issuance was an additional offering to the previous 5 billion yuan in treasury bonds issued in Hong Kong in July, the MOF said in a statement.
On Wednesday, 4.5 billion yuan worth of bonds priced at 100 yuan were issued to institutional investors, with the yield for 3 billion yuan of two-year bonds standing at 3.65 percent and a yield of 3.8 percent for 1.5 billion yuan of five-year bonds.
The remaining 500 million yuan of bonds were issued to foreign central banks and regional monetary authorities, consisting of 300 million yuan of two-year bonds and 200 million yuan of five-year bonds.
The MOF started selling yuan-denominated treasury bonds in Hong Kong in September 2009 to boost the region's economy and speed up the expansion of offshore yuan business.
The issuance was an additional offering to the previous 5 billion yuan in treasury bonds issued in Hong Kong in July, the MOF said in a statement.
On Wednesday, 4.5 billion yuan worth of bonds priced at 100 yuan were issued to institutional investors, with the yield for 3 billion yuan of two-year bonds standing at 3.65 percent and a yield of 3.8 percent for 1.5 billion yuan of five-year bonds.
The remaining 500 million yuan of bonds were issued to foreign central banks and regional monetary authorities, consisting of 300 million yuan of two-year bonds and 200 million yuan of five-year bonds.
The MOF started selling yuan-denominated treasury bonds in Hong Kong in September 2009 to boost the region's economy and speed up the expansion of offshore yuan business.
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