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 100 billion yuan, and investors included commercial banks, investment banks, central banks, funds and international financing institutions, the PBOC said . . .
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