PBOC to Issue USD$1.41 Billion in Central Bank Bills on 23 June

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The Chinese central bank has announced plans to issue 10 billion yuan (approx. USD$1.41 billion) in central bank bills on 23 June in Hong Kong.

The People’s Bank of China (PBOC) announced on 17 June that the bills will be issued via Hong Kong’s Central Moneymaking Unit (CMU) platform by means of Dutch auction

The instruments will have a maturity of six months (182 days),and be fixed rate coupon bonds.

Calculation of interest will commence on 29 June 2020, while the bills will mature on 28 December 2020.

The upcoming issue of central bank bills will be PBOC’s sixth in 2020, with prior issues including:

  1. An issue of 20 billion yuan in three-month central bank bills on 13 February.
  2. An issue of 10 billion yuan in one-year central bank bills on 13 February.
  3. An issue of 10 billion yuan in six-month central bank bills on 30 March.
  4. An issue of 20 billion yuan in three-month central bank bills on 14 May.
  5. An issue of 10 billion yuan in one-year central bank bills on 14 May.

PBOC’s sixth issue scheduled for 23 June will bring total issuance of central bank bills in 2020 to 80 billion yuan in total.

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