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China starts sale of 6B RMB bonds in Hong Kong

(Xinhua)
Updated: 2009-09-28 14:02

BEIJING: The Ministry of Finance started selling Renminbi bonds worth 6 billion yuan (US$878.5 million) in Hong Kong on Monday.

It is the first time the central government has issued yuan-denominated treasury bonds outside the Chinese mainland.

The sales period of the bonds will run from September 28 to October 20. Interest will be paid half a year based on its issuance date of October 27, said the ministry.

An interest rate of 2.25 percent will be paid for the two-year bond,  2.7 percent for the three-year bond, and 3.3 percent for the five-year bond.