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China's Finance Ministry said Wednesday that the central government, through the Hong Kong Monetary Authority's Debt Instrument Central Clearing System (CMU), will issue an additional 4.5 billion yuan of Treasury bonds, which will be tendered on October 10 and delivered on October 12.
The announcement shows that the total principal of the new 2020 Treasury bonds is 3 billion yuan, which will be merged with the original 2020 Treasury bonds to form the same series. The total amount of the new 2023 treasury bonds is 1 billion 500 million yuan, which will be combined with the original 2023 treasury bonds to form the same series.
The nominal value of treasury bonds is 500,000 yuan. Each tender is in the unit of 500,000 yuan or its integer multiple. The price quotation varies by one thousandth (0.01%) and the two digits after the decimal point are reserved.
The Ministry of Finance appointed the Hong Kong Branch of Bank of Communications Limited as the issuing and depositing agent to assist the Ministry of Finance in tendering for the issuance of additional treasury bonds.
The original 2020 treasury bond was issued on July 9, 2018, with an annual interest rate of 3.65% and a maturity of 3.80% in 2023.
At the end of September, China's Ministry of Finance said it would issue $3 billion of sovereign bonds in Hong Kong in the near future, while the Ministry of Finance would issue a renewal of the Renminbi Treasury bonds issued in July for a total of 5 billion yuan.
In 2018, the national debt balance of the Central People's Government was set at 15,690.835 billion yuan, mainly for agricultural infrastructure and rural livelihood projects, affordable housing, education, health and other social undertakings, industrial restructuring, energy conservation, emission reduction and ecological construction, and support for enterprises'independent innovation, technological transformation and service industries. Development, infrastructure construction of railways, highways, airports and ports.


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