Chinese central bank wraps up sixth CNH bills sale
The People’s Bank of China sealed a Rmb10bn ($140m) offshore renminbi bills sale in Hong Kong on Thursday.
The central bank had to pay up for the six month renminbi bills, pricing the notes at 2.89%. This was 39bp higher than the yield of onshore government bonds of the same tenor, according to data from ChinaBond.The deal was also more expensive than the two tranche ...
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