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China issues offshore yuan bonds in London

CCTV.com

06-08-2016 16:30 BJT

China's Finance Ministry officially issued offshore yuan bond in London, and will be traded at the London Stock Exchange. Except for Hong Kong, this was the first time that China issued yuan bond in offshore yuan market.

The yuan bond values at three billion yuan, with the coupon rate of 3.28 percent in three years. Both China and the UK agreed that the move will deepen economic ties between the two sides.

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