China’s Ministry of Finance issued 8 billion yuan RMB-denominated treasury bonds to institutional investors in the Hong Kong Special Administrative Region via tendering on Sept 23, the first batch in 2021.

Among the total issuance, the 2-year tranche was in the amount of 5 billion yuan, 3.08-times oversubscribed and with an interest rate of 2.41 percent; the 5-year tranche was in the amount of 2 billion yuan, 3.3-times oversubscribed and with an interest rate of 2.50 percent; the 10-year tranche was in the amount of 1 billion yuan （additional issue, with a coupon rate of 4.15 percent）, 2.56-times oversubscribed and with an issuance price of 112.87 yuan, equivalent to a yield of 2.6986 percent.

According to the issuance arrangement, the second batch of RMB-denominated treasury bonds in the amount of 6 billion yuan will be issued on Oct 20, 2021. The specific arrangements will be published by the Central Moneymarkets Unit (CMU) of the Hong Kong Monetary Authority in due time.