Chinese central bank wraps up sixth CNH bills sale

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By Rebecca Feng
26 Sep 2019

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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