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The following is issued on behalf of the Hong Kong Monetary Authority:
Hong Kong Monetary Authority (HKMA) CMU Central Bank Placement Co-ordinating Window (June 28, 2012) placement result:
Total subscription amount : RMB 3.06 billion
Total placement amount : RMB 2 billion
Over-subscription : 0.53 times
Coupon rate : Same as the successful
tenders of the RMB
Sovereign Bonds of the
same tenor
Deputy Chief Executive of the HKMA, Mr Peter Pang said, "The HKMA is pleased to see the successful issuance of offshore RMB Sovereign Bonds through the HKMA's CMUBid platform today, which includes a total amount of RMB 15.5 billion issued to institutional investors, and an additional RMB 2 billion placed to overseas central banks and monetary authorities through the newly established 'HKMA CMU Central Bank Placement Co-ordinating Window'. The issuance has operated smoothly. 'The HKMA CMU Central Bank Placement Co-ordinating Window' can be further developed in the future to serve more overseas central banks or sovereign institutions. The successful issuance of RMB Sovereign Bonds in Hong Kong further promotes the development of Hong Kong's RMB bond market and reinforces Hong Kong's position as the global hub for offshore RMB business."
Ends/Thursday, June 28, 2012
Issued at HKT 19:09
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