Money

Bank of China plans bond sale

(China Daily)
Updated: 2010-09-04 15:35

Related readings:  Bank of China announces 60b yuan rights offer  Bank of China expects delay in rate hikes: report

Bank of China Ltd will sell up to 5 billion yuan ($735 million) of two- and three-year yuan-denominated bonds in Hong Kong on Sept 8, according to a person familiar with the matter.

The lender will pay a 2.65 percent coupon on the two-year note and 2.9 percent on the three-year bond. The sale will be at least 1 billion yuan in size, the person said.

Bloomberg News