The People’s Bank of China sold 20 billion yuan bills in Hong Kong on Wednesday, its third sale of offshore yuan-denominated bonds in the offshore market.
The central bank sold 10 billion yuan three-month tranche at a coupon of 3 per cent, while a one-year tranche worth 10 billion yuan was sold at a coupon of 3.1 per cent, the PBOC said in a statement.
Bids exceeded . . .
To continue reading, please subscribe. You will get
- Original and in-depth reporting on China's economy and financial markets
- Details, data and perspectives you don't read elsewhere
- THE WIRE - a Real-Time News platform that delivers everything important about China's economy, companies, stocks, bonds, commodities and the yuan.
- Daily Brief newsletters to get you prepared for every trading day
We highly value independence. We are solely funded by subscriptions from thousands of readers like you.
Already have an account? Sign In