MOF issues treasury bonds worth 5 bln yuan in Hong Kong
China's Ministry of Finance on Wednesday announced the successful issuance of treasury bonds worth 5 billion yuan (712 million U.S. dollars) in the Hong Kong Special Administrative Region.
This is an additional issuance to the two-year treasury bonds featuring a yield of 2.726 percent and five-year treasury bonds with a yield of 2.80 percent issued in June. In the total 5 billion yuan debt, 3.5 billion yuan is for a two-year term, and the rest is for a five-year term. The bid prices are 100.34 and 100.98 yuan respectively.
A treasury bond is a debt security issued to support government spending.