PBOC Plans London Yuan Bond Sale as U.K. Supports Reserve Status

  • Issuance to come in near future, bolstering London as yuan hub
  • Sale is ``milestone'' for the currency's internationalization

The People’s Bank of China plans to sell yuan-denominated debt in London, marking its first issuance outside the country, as the U.K. said it supports China’s bid to include the renminbi in the International Monetary Fund’s reserve-currency basket.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.