BOC Singapore sells 3b yuan 'Lion City' bonds

BANK of China's (BOC) Singapore branch has sold three billion yuan (S$620 million) bonds, the largest yuan bond deal here as the Republic burnishes its offshore renminbi centre status.

The "Lion City" bonds - comprising two billion yuan two-year bonds and one billion yuan five-year bonds - will be listed on Singapore Exchange, BOC said yesterday.

The issuance was priced at 3.30 per cent for the two-year bonds and 4 per cent for the five-year bonds.