PBOC announces 60 billion yuan bills tender

Paramilitary police officers stand guard in front of the headquarters of the People's Bank of China, the central bank, in Beijing on September 30, 2022. REUTERS
Paramilitary police officers stand guard in front of the headquarters of the People's Bank of China, the central bank, in Beijing on September 30, 2022. REUTERS

China's central bank on Wednesday said it will conduct a tender to issue 60 billion yuan (HK$63.95 billion) in bills in Hong Kong this Friday.

The tender includes 40 billion yuan for 3-month bills and 20 billion yuan for 1-year bills. The People’s Bank of China announced that it will settle on February 18.

Bills will be available for competitive tender on a coupon-bid basis through the Central Moneymarkets Unit, a debt securities platform operated by the Hong Kong Monetary Authority.

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