The Hong Kong Monetary Authority (HKMA) announced on December 07, 2023 that China’s Ministry of Finance (MOF) will issue sovereign bonds totaling 10 billion yuan (1.41 billion US dollars) through its Central Money Markets Unit. A total of 3 billion additional 2025 bonds, 3 billion additional 2026 bonds, and 4 billion additional 2028 bonds will be issued this time. A tender of these bonds will be held on December 12 and for settlement on December 14, 2023. With the approval of China’s State Council, the MOF has increased the issuance of the RMB sovereign bonds in the Hong Kong Special Administrative Region (HKSAR) to 50 billion yuan this year. (1 Chinese yuan equals 0.14 US dollar). https://tinyurl.com/yvsau9es
Source: IBP