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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.