China: $2.2 billion in bond sales in August

The Chinese Ministry of Finance announced its intention to issue the fourth tranche of yuan-denominated treasury bonds in the Hong Kong market on August 5 of this year. In a statement carried by the Xinhua News Agency, the ministry said the new tranche is valued at approximately $2.2 billion (1.5 billion yuan). The remaining issuance details and offering arrangements will be announced by the Hong Kong Monetary Authority’s Central Money Markets Unit.