China to issue 10bn yuan in govt bonds in Hong Kong on Nov 21

BEIJING: China Finance Ministry is set to issue 10 billion yuan ($1.64 billion) of government bonds in Hong Kong on Nov.21, which will bring the total amount of such bonds issued in Hong Kong in 2013 to 23 billion yuan, it said on Tuesday.

The ministry said it had issued 13 billion yuan in government bonds in Hong Kong on June 26. Of the new 10 billion yuan issue, 3 billion yuan worth with a tenor of two years will be issued to Hong Kong residents, and 5 billion yuan worth with a tenor of three years and 2 billion yuan worth of five-year maturity will be issued to institutional investors, the ministry said in a statement.