PBOC sel ceinture ls RMB 80 bln in repos on Tue

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PBOC sells RMB 80 bln in repos on TuePublished: 29 Jun 2009 22:50:25 PST<p class="authorInfor"]</p]<!--begin CK content--]<ul class="narrow"]Top 5 News From ChinaKnowledge.comHaier likely to cut sales growth target for Asia-Pacific regionHongkong Electric eyes stake in world's largest wind farmChina advances auto replacement subsidy planAnglo American may sell MMX stake to ChinalcoBOC to sell RMB 40 bln in subordinated bonds on Jul 6Jun. 30, 2009 (China Knowledge) - The People's Bank of China (PBOC) issued RMB 80 billion in repurchase agreements (repos) in the regular open-market operations on Tuesday morning, according to a statement published on PBOC's website.

The repos included RMB 50 billion in 28-day repos with a coupon rate of 0.95% and RMB 30 billion in 91-day repos with an interest rate of 1.00%.

Last Tuesday, PBOC suspended the sale of repos to ease liquidity pressure as the country restarted IPOs in the stock market.

PBOC issued RMB 50 billion in three-month bills in the regular open-market operations last Thursday, according to an earlier report from China Knowledge.

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