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China Sells Long-Dated Offshore Yuan Bonds at Record Low Yields
Key Points
China Sells Long-Dated Offshore Yuan Bonds at Record Low Yields China sold long-dated yuan-denominated sovereign bonds in Hong Kong at record-low yields, underscoring strong demand from global investors for the offshore issuance. Auctions of 15-year and 30-year notes worth one billion yuan ($148 million) each were priced at 1.99% and 2.24%, respectively, according to a statement from the Ministry of Finance on Wednesday.
China Sells Long-Dated Offshore Yuan Bonds at Record Low Yields
China sold long-dated yuan-denominated sovereign bonds in Hong Kong at record-low yields, underscoring strong demand from global investors for the offshore issuance.
Auctions of 15-year and 30-year notes worth one billion yuan ($148 million) each were priced at 1.99% and 2.24%, respectively, according to a statement from the Ministry of Finance on Wednesday.