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PBOC sold 20 billion yuan bills in Hong Kong amid rising expectation for weaker yuan

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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 . . .

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