China’s Ministry of Finance said it will issue 12 billion yuan of yuan-denominated government bonds in Hong Kong on August 2, the second batch this year.
The debt will be offered starting from August 2 and the specifics of the flotation will be disclosed on the Central Moneymarkets Unit of the Hong Kong Monetary Authority (HKMA).
The tranche is part of 30 billion yuan of sovereign bonds mainland China plans to issue in Hong Kong this year. Last month, the ministry sold 12 billion yuan of government bond when it sold the first batch of the offshore bonds in the city. The maturities of the bonds were two years, three years and 10 years, with the coupon rates ranging from 2.2% to 2.71%.