China to issue its first yuan bond in Japan

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China plans to sell its first yuan-denominated bonds to customers in Japan, according to Japan's online brokerage firm Monex, and they will be issued from Feb. 1 to 23.

Buyers hope to gain from both interest payments and the growing strength of the yuan.

The three-year note, which comes due in December 2013, pays a 1-percent yield and is sold at a unit price of 500,000 yuan with semiannual payments.

China's business press carried the story above on Wednesday. China.org.cn has not checked the stories and does not vouch for their accuracy.

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