People’s Bank of China to issue RMB5b Bills | Asian Business Review

People’s Bank of China to issue RMB5b Bills

It will be issued through HKMA’s Central Moneymarkets Unit.

The People’s Bank of China will be issuing six-month bills, worth a total of RMB5b, or approximately US$774.76m.

It will be held on 24 June, through the Central Moneymarkets Unit of the Hong Kong Monetary Authority (HKMA).

The Bills will be issued at par value and will mature on the interest payment date falling on or nearest to 27 December 2021.

The Bills will bear interest at the uniform annual issue interest rate, which will be determined through the competitive tender. Interest on the Bills is payable on 27 December 2021 in arrears, subject to the modified following business day convention.

Each tender must be for an amount of RMB500,000 (approximately US$77,468) or integral multiples thereof and the difference between any specified tender interest rates should be at least 0.01%, rounded to two decimal places.

Follow the link s for more news on

Join Asian Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Exclusives

Few Singapore SMEs have cyber insurance
They seek to ward off cyber threats but not through insurance.
Insurance
Dear Me Beauty eyes flagship store
The branch could serve as the foundation for broader market growth.
Vietnam's Cake Digital Bank breaks even by meeting small needs
The Vietnamese digital bank owes its success to quick loans and low-limit credit cards.
BCA superapp drives digital transaction growth
Inter-account transfers were the most widely used service, followed by virtual payments.