China government offers first ever overseas renminbi bonds

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    China's Ministry of Finance has completed a landmark public offering and institutional placement of the PRC Central People's Government's renminbi-denominated…

    China's Ministry of Finance has completed a landmark public offering and institutional placement of the PRC Central People's Government's renminbi-denominated bonds.

    An aggregate principal amount of Rmb6 billion (US$878.78 million) was offered in three tranches: 2.25% bonds due 2011, 2.70% bonds due 2012 and 3.30% bonds due 2014.

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