5 billion

The Ministry of Finance has issued 5 billion yuan in renminbi government bonds in Hong Kong Wednesday, the ministry announced on its website.

Among the total bonds, 4.5 billion yuan was issued to institutional investors, including 3 billion yuan for 2-year-term and 1.5 billion yuan for 5-year term. 

The average rate is 100 yuan and the yields are 3.65 percent and 3.8 percent, respectively.