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PBOC issued 30 billion yuan bills in Hong Kong amid yuan devaluation, eyes regular mechanism

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The People’s Bank of China issued 30 billion yuan of offshore bills in Hong Kong on Wednesday, a week after the yuan slid past the key psychological level of 7 per dollar for the first time in more than a decade.

The 20 billion yuan three-month tranche was priced with a coupon of 2.9 per cent, while the 10 billion yuan one-year tranche was sold at 2.95 per cent, according to a statement released by . . .

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