China Finance Ministry Plans to Issue CNY3 Billion of Treasury Debt in London
May 23 2016 - 5:17AM
Dow Jones News
BEIJING--China's Ministry of Finance said Monday that it plans
to issue 3 billion yuan ($457.8 million) of yuan-denominated
Treasury debt in London, part of Beijing's efforts to promote the
Chinese currency globally.
Bank of China Ltd., China's fourth-largest lender by assets, and
HSBC Holdings PLC will be the joint global coordinators for the
issuance, the ministry said. The debt will be issued soon, it said,
without providing additional details about the timetable.
China's central bank issued an offshore yuan bond in London for
the first time in October.
--Grace Zhu
(END) Dow Jones Newswires
May 23, 2016 06:02 ET (10:02 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
HSBC (NYSE:HSBC)
Historical Stock Chart
From Apr 2024 to May 2024
HSBC (NYSE:HSBC)
Historical Stock Chart
From May 2023 to May 2024