China sells 15 bln yuan sovereign bonds in Hong Kong, 4.67 times oversubscribed

China's Ministry of Finance sold 15 billion yuan ($2.2 billion) of sovereign bonds to institutional investors in Hong Kong on Aug 5, drawing strong demand with a subscription ratio of 4.67 times. The issuance included 5 billion yuan of 2-year notes at a yield of 1.27%, 4 billion yuan of 3-year notes at 1.30%, 4 billion yuan of 5-year notes at 1.43%, 1 billion yuan of 15-year notes at 1.99% and 1 billion yuan of 30-year notes at 2.24%.

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