China’s central bank to issue 60 billion yuan of bills in HK next week

The People's Bank of China announced on Thursday that it will tender 60 billion yuan (HK$63.66 billion) of central bank bills in Hong Kong next Wednesday, with a maturity of six months. 

It will be the largest-ever single issuance of offshore yuan bills tendered by PBOC in Hong Kong, and it is also the first time for the issuance to take place in January, according to market data.

According to PBOC’s announcement, this batch of central bank notes is the first issue this year, which is a fixed-rate interest-bearing bond issued through the Hong Kong Monetary Authority.

PBOC said this issuance of the central bank notes aims to enrich Hong Kong's high-credit-rated yuan financial products and improve the yuan yield curve in Hong Kong.

(Themis Qi)