China central bank sells 30 billion yuan of offshore bills in Hong Kong

[SHANGHAI] The People's Bank of China (PBOC) said it sold 30 billion yuan (S$5.9 billion) of bills in Hong Kong on Wednesday.

A 20 billion yuan one-month tranche was priced at a coupon of 2.80 per cent, while a six-month tranche worth 10 billion yuan came in with a coupon of 2.82 per cent, the central bank said in a statement.

It was the PBOC's fourth sale of offshore yuan bonds in Hong Kong.

REUTERS