China issues 20b yuan bonds in HK

Visiting Chinese Vice Premier Li Keqiang pressed a symbolic button at a ceremony here on Wednesday to start the issuance of 20 billion yuan ($3.1 billion) of renminbi-denominated treasury bonds in Hong Kong, which was issued by China's Ministry of Finance.

Of the 20 billion yuan, 15 billion were for institutional investors and the other 5 billion were targeted at individual investors in Hong Kong.

There were four types of treasury bonds -- three-year, five-year, seven-year and ten-year.

A total of 6 billion yuan three-year bonds, 5 billion yuan five- year bonds, 3 billion yuan seven-year bonds and 1 billion yuan ten- year bonds were available for competitive tenders.

It was the third time in three consecutive years the Chinese Ministry of Finance issued renminbi treasury bonds in Hong Kong.

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China issues 20b yuan treasury bonds in Hong Kong