The Ministry of Finance started selling Renminbi bonds worth 6 billion yuan (878.5 million US dollars) in Hong Kong on Monday.
It is the first time the central government has issued yuan-denominated treasury bonds outside the Chinese mainland.
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A security guard looks at a banner featuring the China's currency?renminbi outside a branch of the Bank of China in Hong Kong Sept. 8, 2009. (CFP file photo) |
The sales period of the bonds will run from Sept. 28 to Oct. 20. Interest will be paid half a year based on its issuance date of Oct. 27, said the ministry.
An interest rate of 2.25 percent will be paid for the two-year bond, 2.7 percent for the three-year bond, and 3.3 percent for the five-year bond.
(Xinhua News Agency September 28, 2009)
