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Canadian Province Closes Debt Issue in HK
By By Chen Jia
Canada’s British Columbia province has completed its sale of yuan-denominated bonds in Hong Kong, the provincial government said on Tuesday.
The deal is the first issue by a foreign government in the yuan offshore market.
About 60 percent of the bond was bought by investors from Asia and 40 percent by US investors, with central banks and official institutions grabbing most of it.
