China preps record Rmb28bn Dim Sum auction

By Carrie Hong
30 Apr 2014

China's Ministry of Finance (MoF) will sell a total of Rmb28bn ($4.48bn) of renminbi-denominated bonds in Hong Kong this year, marking the biggest annual CNH sale from the MoF since its first auction in 2009.

The MoF said this week that this year's sale would be in two tranches, with the first batch of Rmb16bn on May 21. Although the detailed breakdown of the tranches is still to be announced, the MoF will sell the first chunk to institutional investors, foreign central banks ...

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