Oct 10, 2018 (China Knowledge) - Today China's Ministry of Finance issued 2-year and 5-year treasury bonds in offshore market, with a totaled value of RMB 5 billion.
Ministry of Finance announced to issue RMB 1.5 billion bonds in Hong Kong that will mature in 2023, with an interest rate of 3.8%, at the same time it has also issued RMB 3 billion worth of bonds due in 2020 at an interest rate of 3.65%.
In contrast, the yield of China's 5-year treasury bonds was 3.423% and the 2-year was 3.200% today.
China's Ministry of Finance also said this issue was an additional issue of 2-year and 5-year treasury bonds issued in July. Among them, RMB 4.5 billion was issued to institutional investors, including RMB 3 billion for 2-year and RMB 1.5 billion for 5-year.
In addition, a total of RMB 500 million was issued to foreign central banks and regional monetary authorities, including RMB 300 million for two-year and RMB 200 million for five-year.
Over the past nine years, China's Ministry of Finance has issued more than RMB 170 billion of bonds in the Hong Kong market, according to data released by Hong Kong chief executive Carrie Lam.
Recently China's Ministry of Finance will also issue USD 3 billion of sovereign bonds in Hong Kong, and will list on the Hong Kong Stock Exchange.
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