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Screaming for MORE cash, China offers Yuan bonds to African banks

 
Borat Sagdiyev
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United States
07/30/2012 09:19 PM
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Screaming for MORE cash, China offers Yuan bonds to African banks
.

African central banks were given access to yuan-denominated bonds for the first time after a large Chinese lender
allocated them a purchase quota of three-year bonds, an important development in the yuan's wider use globally.

China Development Bank Corp, the State-owned lender and a supporter of government projects and Chinese companies looking
to expand overseas, set aside part of its three-year dim sum bonds sold on Thursday for African central banks.

That was the first time that African central banks would be able to invest in yuan-denominated bonds.

CDB offered 1 billion yuan ($157 million) of 20-year bonds in Hong Kong, the longest time on record for the market
denominated by short-term debt, at a yield of 4.3 percent, and 1.5 billion yuan of three-year notes at a yield of 2.95 percent.

[link to www.chinadaily.com.cn]

.
Angry Hierophant

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04/30/2013 10:09 PM
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Re: Screaming for MORE cash, China offers Yuan bonds to African banks
African banks must be stopped!
Anonymous Coward
User ID: 39015973
Morocco
04/30/2013 10:14 PM
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Re: Screaming for MORE cash, China offers Yuan bonds to African banks
.

African central banks were given access to yuan-denominated bonds for the first time after a large Chinese lender
allocated them a purchase quota of three-year bonds, an important development in the yuan's wider use globally.

China Development Bank Corp, the State-owned lender and a supporter of government projects and Chinese companies looking
to expand overseas, set aside part of its three-year dim sum bonds sold on Thursday for African central banks.

That was the first time that African central banks would be able to invest in yuan-denominated bonds.

CDB offered 1 billion yuan ($157 million) of 20-year bonds in Hong Kong, the longest time on record for the market
denominated by short-term debt, at a yield of 4.3 percent, and 1.5 billion yuan of three-year notes at a yield of 2.95 percent.

[link to www.chinadaily.com.cn]

.
 Quoting: Borat Sagdiyev


clappa

The Afro Asian alliance will be the death of Europe's control and torture of Africans.

"With great power comes great responsibility". Europe never accepted this.

They starved, murdered an made Coups in Africa. Now they will be knocked from their perch.

Without Africa Rothschild will go broke in a short few years.

banana
Anonymous Coward
User ID: 39015973
Morocco
04/30/2013 10:17 PM
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Re: Screaming for MORE cash, China offers Yuan bonds to African banks
African banks must be stopped!
 Quoting: Angry Hierophant


This is a GREAT DAY for Black Africans! banana

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