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China's central bank sells 30 billion yuan bills in Hong Kong

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08/14/2019 | 01:03am EDT
A man walks past the headquarters of the PBOC, the central bank, in Beijing

HONG KONG (Reuters) - The People's Bank of China issued 30 billion yuan ($4.27 billion) of offshore bills in Hong Kong on Wednesday, the Hong Kong Monetary Authority (HKMA) said in a statement.

The 20 billion yuan three-month tranche was priced with a coupon of 2.9%, while the 10 billion yuan one-year tranche was sold at 2.95%, the HKMA said in a statement published on the Hong Kong government's website on Wednesday afternoon.

The central bank announced plans to issue these bills last week, just a day after the yuan weakened past the key 7 per dollar level amid fresh U.S. tariff threats, and as Washington labelled China a currency manipulator.

(Reporting by Noah Sin and Beijing Monitoring Desk; Editing by Jacqueline Wong)

Stocks mentioned in the article
ChangeLast1st jan.
BANK OF CHINA LTD -0.28% 3.57 End-of-day quote.-1.11%
UNITED STATES DOLLAR (B) / CHINESE YUAN IN HONG KONG (USD/CNH) -0.04% 7.0342 Delayed Quote.2.55%
US DOLLAR / CHINESE YUAN RENMINBI (USD/CNY) 0.14% 7.0412 Delayed Quote.2.29%
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