China's central bank sells 30bn yuan of bills offshore

• The People's Bank of China priced a 20 billion yuan three-month tranche at a coupon of 2.55pc, and sold another 10 billion yuan of one-year bills at 2.60pc.
• The offshore yuan was 0.11pc weaker at 6.9834 per dollar at 0453 GMT.

SHANGHAI: China's central bank said on Thursday it had issued 30 billion yuan ($4.30 billion) of offshore bills in Hong Kong.

The People's Bank of China priced a 20 billion yuan three-month tranche at a coupon of 2.55pc, and sold another 10 billion yuan of one-year bills at 2.60pc, the Hong Kong Monetary Authority said in a statement on Feb. 13.

The offshore yuan was 0.11pc weaker at 6.9834 per dollar at 0453 GMT.