The size of the offering exceeded the 14 billion yuan bond sale in February and was the largest single batch of so-called Dim Sum bonds issued in Hong Kong by the ministry since October 2023, according to data compiled by Bloomberg.
(April 22): China’s biggest yuan bond sale in Hong Kong since 2023 drew record-low yields for both two- and 15-year debt as Beijing speeds up its push to internationalise the currency and mop up pockets of excess liquidity offshore.
The finance ministry issued a combined 15.5 billion yuan of two-, three-, five- and 15-year notes in the city on Wednesday, it said in a statement. The two-year debt was sold at a yield of 1.32% and the 15-year security at 2.08%.
