China’s Ministry of Finance will sell 28 billion yuan (US$4.48 billion) worth of bonds in Hong Kong this year, the most in a year since the program began in 2008.
The sale will be in two phases, with a 16 billion yuan tranche scheduled to begin sales on May 21 to institutional investors, foreign central banks and other regional monetary authorities.
A second tranche, worth 12 billion yuan, will target Hong Kong residents and will be offered in the second half, the ministry said on its website Monday.
Other details will be announced before the sale begins. The bonds will be listed on the Hong Kong stock exchange.
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