China Export-Import Bank, the mainland's policy lender, will sell two billion yuan worth of bonds in Hong Kong next month and allow retail investors to spend as little as 10,000 yuan to subscribe to the float, according to sources. The minimum subscription will be only half of the 20,000 yuan minimum order for the bond sale by China Development Bank earlier this month. The CDB bond, the first sale of such yuan securities in Hong Kong, drew 14 billion yuan of total subscriptions, almost three times the five billion yuan on offer. 'It will be easier for retail investors to subscribe [with a lower minimum requirement],' a source familiar with the sale said. 'The allotment will be fairer if the issuer decides to sell at least one board lot to each investor.' The retail tranche of Export-Import Bank's bond would have a two-year maturity and amount to at least one billion yuan which could increase if demand warranted, sources said. Institutional investors would be able to subscribe to the bonds after the retail tranche was launched on August 10, sources said. HSBC and Bank of China (Hong Kong) have been hired to arrange the bond sales together with 18 banks that will take up the placements. Net deposits of yuan in Hong Kong grew to 26.2 billion yuan in May from 25.5 billion yuan a month earlier, according to the latest data released by Hong Kong Monetary Authority. Export-Import Bank is responsible for policy financing for the mainland's exports of mechanical and electronics products. It is also a major lender to foreign governments.