RMB treasury bonds worth 5b yuan issued in Hong Kong SAR

BEIJING -- The Ministry of Finance issued this year's second batch of renminbi treasury bonds in the Hong Kong Special Administrative Region (SAR) on Wednesday, according to a statement of the ministry.

The second batch worth 5 billion yuan (about $739.5 million) included two-year bonds worth 4 billion yuan and ten-year bonds worth 1 billion yuan, the statement said.

The issuance was well received by institutional investors with the total bid amount reaching 21.79 billion yuan, 4.36 times the amount in circulation, it said.

The ministry planned to issue treasury bonds worth 23 billion yuan in four batches in the Hong Kong SAR this year. The third batch worth 5.5 billion yuan will be issued in October.