China's Ministry Of Finance will auction 4.5 billion yuan ($655.21 million) worth of renminbi sovereign bonds in Hong Kong on Oct. 10, the Hong Kong Monetary Authority said on Wednesday.
The ministry will sell 3 billion yuan of 2020 bonds at a coupon of 3.65 pct and 1.5 billion yuan of 2023 bonds at 3.80 pct coupon, according to an HKMA news release.
The two tranches will be consolidated and form a single series with the offshore yuan bonds issued at the same coupon by the ministry in July, said HKMA.
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