RMB15bn sovereign bonds to be issued Aug 17

RMB5 billion in five-year bonds, RMB3 billion in seven-year bonds and RMB1 billion in 10-year bonds will be made available for institutional investors.

The Chinese Ministry of Finance on Tuesday announced a tender of RMB15 billion in sovereign bonds will be held on August 17th through Hong Kong's Central Moneymarkets Unit, according to a HKMA report.

A total of RMB6 billion in three-year bonds, RMB5 billion in five-year bonds, RMB3 billion in seven-year bonds and RMB1 billion in 10-year bonds will be made available for institutional investors for competitive tender on a coupon-bid basis.

Copies of the tender information memorandum are available from the Hong Kong Monetary Authority.