China Issues 12.5 Billion Yuan in Treasury Bonds in Hong Kong
The Ministry of Finance's latest issuance demonstrates strong investor interest amid ongoing Treasury bond offerings.
On June 4, China's Ministry of Finance announced the issuance of 12.5 billion yuan (approximately 1.74 billion U.S. dollars) in yuan-denominated treasury bonds within the Hong Kong Special Administrative Region (HKSAR).
This marks the third batch of such bonds issued this year.
The bond issuance consists of multiple maturities, including 3.5 billion yuan of two-year bonds, 3 billion yuan of three-year bonds, 3 billion yuan of five-year bonds, and 3 billion yuan of 10-year bonds.
The respective interest rates for these bonds are set at 1.49 percent for the two-year bonds, 1.52 percent for the three-year bonds, 1.6 percent for the five-year bonds, and 1.75 percent for the 10-year bonds.
Investor response to this latest offering was robust, with the total bid amount reaching 3.96 times the amount available for circulation, highlighting strong demand for Chinese treasury securities in the Hong Kong market.
Earlier, the Ministry of Finance stated its intention to issue a total of six batches of yuan-denominated treasury bonds in the HKSAR throughout this year, with the cumulative total set at 68 billion yuan.
This marks the third batch of such bonds issued this year.
The bond issuance consists of multiple maturities, including 3.5 billion yuan of two-year bonds, 3 billion yuan of three-year bonds, 3 billion yuan of five-year bonds, and 3 billion yuan of 10-year bonds.
The respective interest rates for these bonds are set at 1.49 percent for the two-year bonds, 1.52 percent for the three-year bonds, 1.6 percent for the five-year bonds, and 1.75 percent for the 10-year bonds.
Investor response to this latest offering was robust, with the total bid amount reaching 3.96 times the amount available for circulation, highlighting strong demand for Chinese treasury securities in the Hong Kong market.
Earlier, the Ministry of Finance stated its intention to issue a total of six batches of yuan-denominated treasury bonds in the HKSAR throughout this year, with the cumulative total set at 68 billion yuan.
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