China to Sell $458 Million of Sovereign Yuan Bonds in London (1).

Bank of China, HSBC are global coordinators of the offering Appetite for offshore yuan securities has waned since the Chinese currency "stopped being a one-way appreciation bet", according to London-based Paul McNamara at GAM UK Ltd., which oversees about $4.5 billion and doesn't hold yuan debt. Bank of China Ltd. and HSBC Holdings Plc are global coordinators of the bond sale, according to the statement by China's Finance Ministry. [Extracted from the article]