Connect with us

Hi, what are you looking for?


Ministry of Finance on Chinese yuan-denominated bonds

Ministry of Finance on Chinese yuan-denominated bonds

The Ministry of Finance announced in a statement yesterday that the valuation of the 3-year treasury bonds denominated in Chinese yuan, the so-called Panda bonds, mature on October 15, 2024. “The face value was 3 billion yuan and profitability was 3.20% annually. The transaction will be settled on October 15 this year.” – It was written.

It was added that at the same time a hedge swap deal was concluded, in which the money obtained was exchanged into euros and future cash flows related to bond servicing were secured and redeemed.

“The final profitability of the issuance after conversion to the euro was negative at -0.104 percent per annum” – says the ministry.

According to the ministry, the order was executed on the Chinese interbank market on the basis of an issuance program registered by NAFMII (National Association of Institutional Investors in Financial Markets). The bonds were placed among Chinese institutional investors.

The following banks acted as managers of the issuing consortium: Industrial and Commercial Bank of China, JP Morgan AG, Bank of China Limited, and China Construction Bank Corporation.

The yield on Polish 10-year Treasuries exceeded 2.2%. September ended with the highest month-end close in more than two years. The decline in bond prices was also accompanied by selling in the precious metals market.

See also  Internet Monday 2021. When is the promotion holiday? What is Cyber ​​Monday?
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like


Another person familiar with Sony’s plans confirms the killer news for PS5 owners. Horizon Forbidden West is not expected to appear on the market...


Farmer reveals government plans for CPK The farmer who issued the documents is a member of the social council of the CPK. As he...


Cybercriminals attacked the European branch of Media Markt. We still shop in the store, although some services are not working. How to protect yourself...


It looks like Tesla wants to use lasers instead of standard wipers in the future. I applied for a patent for this solution. The...