China issues seven billion yuan dim sum bonds in Hong Kong

China's Ministry of Finance has issued an aggregate 7 billion yuan ($1.06 billion) sovereign bonds in Hong Kong, the second batch of its ninth annual issuance, Hong Kong Monetary Authority said on Thursday. This batch of yuan bonds includes 4 billion yuan 2-year bonds, 2 billion yuan of 5-year bonds and 0.5 billion yuan 10-year bonds. An additional batch of 0.5 billion yuan bonds was sold to central banks.
The 2-year tenor was priced at 3.9 percent, the 5-year bonds at 4.1 percent, and the 10-year bonds at 4.15 percent. The finance ministry has annually issued dim sum bonds in Hong Kong since 2009 to boost development of the offshore market.