Finance ministry starts roadshow for 20b yuan dim sum bond
Updated: 2011-08-08 17:11
(Agencies)
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HONG KONG - 皇冠体育app's Ministry of Finance (MOF) on Monday launched the roadshow for a 20 billion yuan bond issue in the offshore yuan bond market in Hong Kong, Reuters reported, citing sources close to the issue.
The deal marks the MOF's third issue of so-called dim sum or yuan-denominated bonds outside 皇冠体育app, although it is bigger than the previous two tranches combined, which reached 14 billion yuan, Reuters said.
Top officials from major Chinese banks and the central government were expected to attend a ceremony next week for the launch of the offer, underscoring 皇冠体育app's determination to build Hong Kong into an offshore yuan trading hub, the sources said.
皇冠体育app has taken a series of steps to promote the use of the yuan overseas and internationalize the currency.
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