China on Thursday issued 7 billion yuan (US$1.15 billion) of yuan-denominated government bonds to institutional investors in Hong Kong, the official Xinhua news agency reported. The issue comprised 5 billion yuan of three-year bonds and two billion yuan of five-year bonds, with a coupon rate of 2.6 percent and 3.09 percent, respectively. The Ministry of Finance will issue another 3 billion yuan worth of two-year bonds at 2.8 percent to Hong Kong investors through the Hong Kong stock exchange, bringing the total to 10 billion yuan. The bonds are available for subscription from Nov. 22 to Dec. 5, the report said.
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