China Development Bank announced Tuesday afternoon that it will issue 5 billion yuan (about US$657 million) RMB bonds in Hong Kong.

 

This is the first batch of Chinese currency bond to be launched outside the Chinese mainland. The two-year paper in Hong Kong, with 3 percent annual yielding, will be sold synchronously to institutions and individual investors from June 27 to July 6.

 

(Xinhua News Agency June 26, 2007)