Mainland banks issue renminbi bonds in Taiwan

TAIPEI - Four mainland-headquartered banks on Tuesday issued bonds in renminbi worth 6.7 billion yuan ($1.1 billion) in Taiwan.

The bonds were issued on the GreTai Securities Market by Bank of Communications (BCM), Agricultural Bank of China (ABC), Bank of China (BOC) and China Construction Bank (CCB).

BCM issued 1.2 billion yuan in bonds, ABC 1.5 billion, while BOC and CCB issued 2 billion each.

It took the total bonds issued in renminbi in Taiwan to 10.6 billion yuan ($1.67 billion). The first bonds, 3.9 billion yuan, were issued in March.