U.K. Hires Banks for World’s Debut Non-Chinese Bond in Yuan
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The U.K. has picked banks to sell its first yuan-denominated bonds as it seeks to develop Europe’s offshore trading center for the currency.
Bank of China Ltd., HSBC Holdings Plc and Standard Chartered Plc will organize the benchmark-sized sale of securities and hold an investor presentation on Oct. 13 in London, the Treasury said in an e-mailed statement today.