The People’s Bank of China (PBOC) will issue Renminbi Bills through the Central Moneymarkets Unit (CMU) of the Hong Kong Monetary Authority (HKMA) on August 21, 2024, with settlement on August 23, 2024. The tender will include RMB30 billion in three-month Bills and RMB15 billion in one-year Bills. Bids must be in increments of RMB500,000 with a minimum interest rate difference of 0.01%. Three-month Bills will mature on November 22, 2024, and one-year Bills on August 23, 2025, with interest payments made accordingly. Detailed terms are available in the Tender Information Memorandum from the HKMA or Bank of China (Hong Kong) Limited.
Resources: https://www.hkma.gov.hk/eng/news-and-media/press-releases/2024/08/20240815-3/
