Core Points - The People's Bank of China (PBOC) will issue the eighth and ninth phases of central bank bills on November 24, 2025, to enhance the availability of high-credit-quality RMB financial products in Hong Kong [1] - The eighth phase of the central bank bill has a term of 3 months (91 days) with a total issuance of RMB 30 billion, maturing on February 25, 2026 [1] - The ninth phase of the central bank bill has a term of 1 year with a total issuance of RMB 15 billion, maturing on November 26, 2026 [1] Summary by Category Issuance Details - The eighth phase of the central bank bill will have a fixed interest rate, with principal and interest paid at maturity [1] - The ninth phase will also have a fixed interest rate, with interest paid semi-annually [1] - Both bills will have a face value of RMB 100 and will be issued through a Dutch auction method, with the bidding subject being the interest rate [1] Purpose and Context - The issuance aims to improve the RMB yield curve in Hong Kong, as part of a collaboration between the PBOC and the Hong Kong Monetary Authority [1]
央行将招标发行2025年第八期和第九期中央银行票据
Zhong Guo Xin Wen Wang·2025-11-20 02:05