Home Business China issues first RMB-denominated sovereign bond abroad

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China issues first RMB-denominated sovereign bond abroad

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China has issued a three billion renminbi-denominated sovereign bond in London, the first of its kind outside China. The Bank of China and HSBC jointly released the three-year-term bond with an interest rate of 3.28 percent. The move is part of ongoing efforts by China to internationalize its currency.


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