China’s government has announced plans to issue $2bn of dollar-denominated sovereign bonds in Hong Kong, the first such issuance in 13 years.
The Ministry of Finance said in an announcement on Wednesday that it would in the coming days issue a total of $2bn in dollar-denominated government debt, comprised of $1bn in five-year notes and $1bn in ten-year notes.
The ministry said details on the exact timing of the offer would be published ahead of the issuance.
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