Sunday, May 27, 2007

Bank of China May Sell $392 Million of Yuan-Denominated Bonds in Hong Kong

(Bloomberg) -- Bank of China Ltd., the nation's
second-biggest lender, plans to sell as much as 3 billion yuan
($392 million) of bonds in Hong Kong in what may be the city's
first sale of Chinese currency bonds.

The debt will have a maturity of up to three years, the
Beijing-based lender said in a statement to the Shanghai Stock
Exchange today. The yuan has risen 5.8 percent in the past year
against the Hong Kong dollar.


Read more at Bloomberg Emerging Markets News

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