PBOC to issue RMB 25 bn of bills in Hong Kong

The People's Bank of China (PBOC) announced that in order to enrich Hong Kong's high credit-grade RMB financial products and improve the RMB yield curve in the city, it will issue RMB 25 billion yuan of central bank bills, including a 3-month maturity of RMB 10 billion and a one-year maturity of RMB 15 billion, by tender next Tuesday (May 23) in Hong Kong through the Central Moneymarkets Unit (CMU) bond tender platform of the Hong Kong Monetary Authority (HKMA).

The starting interest date of both issues is May 25 this year, and the maturity date of the 3-month issue is August 24 this year and the maturity date of the 1-year issue is May 25, 2024, with the maturity date postponed in case of holiday.