IN BRIEF (Page 5)

MOF issues yuan t-bills in Macao

The Ministry of Finance issued 2 billion yuan ($290.6 million) of renminbi-denominated treasury bonds in Macao on Friday, marking the first issuance of sovereign bonds in the region. The bonds' custody and trading will all be set in Macao, according to a statement on the ministry's website. The measure will promote Macao's bond market construction and support the region's financial development, it said. The issuance was composed of two parts, one amounted to 1.7 billion yuan for institutional investors and the other 300 million yuan is for retail investors in Macao. The coupon rates are 3.05 percent and 3.30 percent respectively.

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