Finance ministry issues 5 bln-yuan in treasury bonds in Hong Kong - Xinhua
BEIJING, July 5 (Xinhua) – The Ministry of Finance (MOF) on Thursday issued yuan-denominated treasury bonds worth 5 billion yuan (about 754 million U.S. dollars) in Hong Kong.
Of the total, 4.5 billion yuan was issued to institutional investors through bidding, with the interest rate for 3 billion yuan of two-year bonds standing at 3.65 percent and a rate of 3.8 percent for 1.5 billion yuan of five-year bonds, the MOF said.
The remaining 500 million yuan was issued to overseas central banks and the regional monetary authority, consisting of 300 million yuan of two-year bonds and 200 million yuan of five-year bonds.
The MOF started selling yuan-denominated treasury bonds in Hong Kong in September 2009 to boost the region’s economy and speed up the expansion of offshore yuan business.
This content was originally published here.
from Tumblr https://ift.tt/39nn5XX
via IFTTT
Mga Komento
Mag-post ng isang Komento