The People’s Bank of China is helping cement London’s dominance of yuan trading in Europe by conducting its first ever overseas debt sale in the city, a move timed to coincide with a state visit by President Xi Jinping. The sale’s arrangers are marketing one-year bills with yield guidance of 3.3 percent, according to a person familiar with the deal who is not authorized to speak publicly and asked not to be identified. Industrial & Commercial Bank of China...
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