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August 10, 2011

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Tender to be held for 4 bond types

CHINA'S Ministry of Finance announced yesterday it would hold a tender of four types of treasury bonds in Hong Kong on August 17 and settlement will be done on the next day.

Listed for the planned tender are three-year, five-year, seven-year and 10-year yuan sovereign bonds, according to a ministry's document posted on the website of the Hong Kong Monetary Authority yesterday.

A total of 6 billion yuan (US$932 million) three-year bonds, 5 billion yuan five-year bonds, 3 billion yuan seven-year bonds and 1 billion yuan 10-year bonds will be made available for competitive tenders on a coupon-bid basis by any qualified Central Moneymarkets Unit members through the CMU BID, a bidding platform for yuan bonds, said the document.

The bonds will be issued at par value and will mature in 2014, 2016, 2018 and 2021 on the last interest payment date of the relevant series of bonds.



 

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