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BEIJING, Oct. 14 (Xinhuanet) -- The British government has started a roadshow to promote its upcoming yuan-denominated sovereign bond sale.
Britain will be the first western country to issue yuan-denominated bonds outside China and the proceeds of the stand-alone issuance would finance London’s foreign reserves. Britain now holds reserves in U.S. and Canadian dollars, euros, and yen and is considering adding the yuan to its pool.
Data shows that yuan has become the seventh most traded currency in the world. The UK Treasury says it has selected Bank of China, HSBC and Standard Chartered to arrange the bond sale but gave no figures.
(Source: CNTV.cn)e
BEIJING, Oct. 14 (Xinhuanet) -- The British government has started a roadshow to promote its upcoming yuan-denominated sovereign bond sale.
Britain will be the first western country to issue yuan-denominated bonds outside China and the proceeds of the stand-alone issuance would finance London’s foreign reserves. Britain now holds reserves in U.S. and Canadian dollars, euros, and yen and is considering adding the yuan to its pool.
Data shows that yuan has become the seventh most traded currency in the world. The UK Treasury says it has selected Bank of China, HSBC and Standard Chartered to arrange the bond sale but gave no figures.
(Source: CNTV.cn)e
