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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    China issues first-ever renminbi-denominated sovereign bond abroad

    Lobo
    Lobo
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    Join date : 2013-01-12

    China issues first-ever renminbi-denominated sovereign bond abroad Empty China issues first-ever renminbi-denominated sovereign bond abroad

    Post by Lobo Sat May 28, 2016 7:47 pm

    2016-05-27

    China issues first-ever renminbi-denominated sovereign bond abroad

    LONDON - The Chinese Finance Ministry has successfully issued 3 billion renminbi-denominated sovereign bond in London, the first of its kind outside China, according to the ministry.

    The distribution of the 3-year-term bond with an issuing interest rate of 3.28 percent, was jointly undertaken by the Bank of China and HSBC.
    According to HSBC, the bidding from global investors which included commercial banks, central banks and public institutions, for the Chinese national bond reached 8.5 billion worth of renminbi.

    Sun Xiaoxia, a senior official from the Chinese Finance Ministry, said that the launching on Thursday of renminbi-donominated sovereign bond in London was part of the consensus reached between China and Britain during Chinese President Xi Jinping's visit to the UK last October as well as an important result of deepening financial cooperation between the two countries.

    Issuing renminbi-denominated bond relies on steady development of the Chinese economy, meets the trend of currency offshore market and has significant importance for London as the international hub to handle renminbi, the official said. (1 U.S. dollar = 6.56 yuan)
    http://news.xinhuanet.com/english/2016-05/27/c_135394002.htm

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