Sunday 14 September 2014

Britain plans first yuan bond outside China | GulfNews.com

Britain plans first yuan bond outside China | GulfNews.com:



"Britain on Friday said it would be the first country outside China to issue yuan-denominated bonds, as London seeks to become a Western hub for trading in the Chinese currency.



The UK Treasury said the government plans to issue the bond in the coming weeks, subject to market conditions, without giving an exact amount or other details.



“This will be the first non-Chinese issuance of sovereign RMB (yuan) debt and will be used to finance Britain’s reserves,” it said in a statement."



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