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 hold a tender for RMB20 billion six-month RMB Bills on 18 December 2024, with settlement on 20 December 2024. Qualified Central Moneymarkets Unit (CMU) members can participate through the CMU BID on a coupon-bid basis, with a minimum bid of RMB500,000 and interest rates specified to two decimal places. The Bills, issued at par value, will mature on 20 June 2025, with interest payable on the same date based on the highest accepted tender rate. Tender details are available in the Tender Information Memorandum from the Hong Kong Monetary Authority (HKMA) and Bank of China (Hong Kong) Limited, which also serves as the Issuing and Lodging Agent. Results will be published on the HKMA and CMU websites.

Resources: https://www.hkma.gov.hk/eng/news-and-media/press-releases/2024/12/20241212-3/