HONG KONG - China's central bank sold 10 billion yuan ($1.4 billion) worth of 6-month yuan-denominated bills in Hong Kong on Thursday.
The notes were priced with a coupon of 2.89%, the People's Bank of China said in a statement on its website.
The bill auction in Hong Kong is aimed at improving the yuan yield curve in the financial hub, the central bank said on September 20, when it unveiled issuance plans for latest batch of bills.
Ken Cheung, chief Asian FX strategist at Mizuho Bank in Hong Kong, said and the bill auction has limited impact on liquidity conditions.
($1 = 7.1227 Chinese yuan renminbi)
(Reporting by Noah Sin and Samuel Shen; Editing by Shri Navaratnam) ((Noah.Sin@thomsonreuters.com; +852 2841 5782; Reuters Messaging: noah.sin.thomsonreuters.com@reuters.net; Twitter: https://twitter.com/noah_sin))
