China finance ministry to issue an extra 5.5B yuan of treasury bonds in Hong Kong

HONG KONG  – China’s finance ministry said on Thursday that it would issue an additional 5.5 billion yuan ($773.18 million) worth of yuan-denominated sovereign bonds in Hong Kong on Oct. 12.

The ministry said it would issue an extra 3.5 billion yuan worth of bonds due 2024 with an interest rate of 2.44 percent per annum, and an additional 2.0 billion yuan worth of 2027 bonds carrying an interest rate of 2.75 percent.

($1 = 7.1135 Chinese yuan renminbi)