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Central govt T-bonds see triple subscription in Hong Kong

(Xinhua)
Updated: 2009-10-21 13:21

The Ministry of Finance (MOF) said Tuesday the 6 billion yuan ($879 million) of treasury bonds issued in Hong Kong has got a subscription of 18 billion yuan since Sept 28.

Related readings: Central gov't to float 6b yuan bonds in HK  HK gov't welcomes issue of renminbi sovereign bonds  Yuan settlement trials planned in more cities  Yuan trade pilot scheme kicked off

The total subscription amount is three times of the 6 billion yuan, a great success for the treasury bonds issuance, said the MOF on its website.

It is the first time that the central government has issued yuan-denominated treasury bonds outside the Chinese mainland, which also marks China's further efforts in internationalizing yuan, or renminbi.

The sales period of the bonds runs from Sept 28 to Oct 20. An annual interest rate of 2.25 percent will be paid for the two-year bonds, 2.7 percent for the three-year ones, and 3.3 percent for the five-year ones.