MoF preps dollar bond, halves CNH auction
The Hong Kong Monetary Authority (HKMA) has released details of China’s first offshore renminbi auction of the year, following the Ministry of Finance’s announcement earlier this week that it is looking for Rmb14bn ($2.06bn) of CNH treasury bonds, and also planning its first dollar deal in over a decade.
MoF will issue the CNH bonds in two rounds — one this month and the other in the second half of the year, each worth Rmb7bn, according to a Tuesday announcement. This will be its smallest issuance since 2010.
On Thursday, the HKMA
announced that the first auction of
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