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Sovereign bonds worth 6.5b yuan issued in HK

The Ministry of Finance has issued an aggregate 6.5 billion yuan ($984 million) of sovereign bonds in Hong Kong, including 4 billion yuan of two-year bonds carrying a coupon rate of 3.9 percent, the Hong Kong Monetary Authority said on Thursday. The finance ministry also issued 2 billion yuan of five-year bonds with a coupon rate of 4.10 percent, and 500 million yuan of 10-year bonds carrying a coupon rate of 4.15 percent. The ministry has annually issued dim sum bonds in Hong Kong since 2009 to boost the development of the offshore market. It sold the first batch of this year's offshore yuan bonds, worth 7 billion yuan, in June.

Yuan weakens 23 basis points against dollar