UK lists first RMB bond on London Stock Exchange

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Britain’s first sovereign bond in Chinese renminbi, or yuan, has been listed on the London Stock Exchange since Tuesday for secondary market trading.

Britain is the first Western country to issue a government bond denominated in renminbi.

On October 14, the British Treasury issued its debut RMB bond of 3 billion yuan ($490 million) with a maturity of three years. Strong demand pushed up the order book to 5.8 billion yuan ($950 million), lowering the yield to 2.7 percent from a targeted 2.9 percent.