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

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 . . .

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