Press "Enter" to skip to content

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

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 . . .

To continue reading, please subscribe.

FREE TRIAL

We highly value independence. Yuan Talks is solely funded by subscriptions from thousands of intelligent readers like you. 

What you'll get:

  • Systematic, timely and data-driven reporting on China's economy and financial markets with details, data and perspectives you don't read elsewhere!
  • Daily Brief newsletter delivered before market open every weekday wrapping up the most important China-related stories.
  • Weekly Market Wrap-up on A shares, Chinese bonds, the Yuan and commodities!
  • Interviews with China experts. We find you insights you should never miss!
  • Conference calls and events. Nothing is better than talking to newsmakers, experts and reporters directly, right?

 

Already have an account? Sign In

Top