RMB SOVEREIGN BONDS TO BE ISSUED

The Ministry of Finance announced today that it will issue renminbi sovereign bonds totalling RMB30 billion in four rounds in Hong Kong this year.

The issuance size for the four rounds will be RMB12 billion, RMB6 billion, RMB6 billion and RMB6 billion respectively.
 
Responding to the move, the Hong Kong Special Administrative Region Government welcomed the ministry's issuance of RMB sovereign bonds in Hong Kong for the 15th consecutive year.
 
Financial Secretary Paul Chan said it demonstrates the central government’s sustained support to the city’s status as an international financial centre and global offshore RMB business hub.
 
“It is conducive to promoting the development of the Hong Kong bond market and attracting more international capital."
 
The first round of sovereign bonds totalling RMB12 billion will be issued through tendering on June 14, comprising tranches of RMB6 billion two-year, RMB4 billion three-year and RMB2 billion 10-year bonds.

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