Bank of China to sell yuan-denominated bonds

AP
Thursday, September 13, 2007

HONG KONG -- Bank of China Ltd., one of the country's big four state lenders, said it plans to sell

yuan-denominated bonds worth 3 billion yuan (US$399 million; euro289 million) in Hong Kong from Thursday.

The bonds are set to be the first issue of yuan-denominated bonds by a Chinese commercial bank sold outside China and settled in the Chinese currency.

It will also expand Hong Kong banks' yuan business, which it first launched in 2004. The current range of services includes deposits, remittances and the use of Chinese bank cards in Hong Kong.

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Bank of China to sell yuan-denominated bonds

APThursday, September 13, 2007

AP
Thursday, September 13, 2007