China completes sale of 16 bln yuan bonds in Hong Kong
HONG KONG May 19 (Reuters) - China sold 16 billion yuan of yuan-denominated offshore bonds in Hong Kong on Wednesday, as investors scrambled to buy quality debt despite broader concerns of a slowing economy.
Bonds of various tenors were offered, but the largest amount sold was 7 billion yuan of three-year bonds at 2.53 pct, the Ministry of Finance said on its website, in line with expectations and lower than in a previous auction last year.
The MOF will issue a total of 28 billion yuan in offshore yuan bonds this year, the highest level since it first tapped the dim sum market in 2009.
The first batch of sales on Wednesday were made to institutional investors, foreign central banks and regional monetary authorities. (Reporting by Michelle Chen; Editing by Simon Cameron-Moore)
- Alabama man gets $1,000 in police settlement, his lawyers get $459,000
- Canada PM vows crackdown after capital shocked by fatal attacks |
- Man arrested after jumping White House fence, causing lockdown
- Probe: Athletes took fake classes at University of North Carolina
- U.S.-led air strikes killed 521 fighters, 32 civilians in Syria: monitor