ZeroHedge: In Historic Event, China Sells First World Bank SDR-Denominated Bonds In Decades

http://www.zerohedge.com/news/2016-08-31/historic-event-china-sells-first-sdr-denominated-bonds-decades

In one of the most closely followed bond issues in recent history, overnight the International Bank for Reconstruction and Development (IBRD), one of the five member-institutions of the World Bank Group, sold 500 million SDR-denominated three-year bonds carrying a coupon of 0.49% at an auction in China's interbank market on Wednesday. This was the first SDR denominated offering in over three decades, with the issuance symbolically taking place in Shanghai one month before the official inclusion of China's currency in the SDR basket.  

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