China's central bank to sell up to 5 billion yuan of one-year bills in London soon - sources

A woman rides past the headquarters of the People's Bank of China, the Chinese central bank, in Beijing, April 3, 2014. REUTERS/Petar Kujundzic

SHANGHAI/HONG KONG (Reuters) - The People's Bank of China (PBOC) plans to issue up to 5 billion yuan (513 million pounds) of one-year bill in London soon, the first such debt issued by the central bank, three sources with direct knowledge told Reuters on Thursday. "The deal should be completed this month. ICBC and HSBC are the underwriters," the sources said. The British finance ministry said in September that China's central bank would issue a yuan-denominated central bank note in London in the near future. Phone calls to the PBOC were unanswered. (Reporting by Shanghai newsroom; Writing by Michelle Chen; Editing by Kim Coghill)

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