The People’s Bank of China will issue Renminbi Bills through Central Moneymarkets Unit of Hong Kong Monetary Authority

The People’s Bank of China (PBOC) will conduct a tender for three-month and one-year RMB Bills on November 20, 2024, with settlement on November 22, 2024. A total of RMB 30 billion in three-month Bills and RMB 15 billion in one-year Bills will be available for competitive bidding through the Central Moneymarkets Unit (CMU). The Bills will be issued at par, with interest rates determined by the highest accepted bid. The three-month Bills will mature on February 21, 2025, and the one-year Bills on November 22, 2025. The tender process will be managed by Bank of China (Hong Kong), and details are outlined in the PBOC’s Tender Information Memorandum, available from the Hong Kong Monetary Authority (HKMA) and Bank of China (Hong Kong).

Resources: https://www.hkma.gov.hk/eng/news-and-media/press-releases/2024/11/20241114-3/