Updated: PBoC again opts for curious timing with third bills issuance

RMB bank note 230 x 150
By Rebecca Feng
08 May 2019

The People’s Bank of China (PBoC) sold a three month Rmb10bn ($1.48bn) tranche and a one year Rmb10bn tranche in Hong Kong on May 15, Hong Kong Monetary Authority (HKMA) said on Wednesday. The central bank has again chosen an interesting time for the announcement and the tender.

The previous two issuances were in November last year and January this year. The terms and deal sizes have been the same for all three. The Rmb10bn three month tranche was priced at 3% and the Rmb10bn one year tranche at 3.1%. Both tranches were roughly five times subscribed, ...

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