The southern Chinese metropolis of Shenzhen announced Friday that it will issue offshore Renminbi local government bonds of no more than 5 billion yuan (about 774 million U.S. dollars) in Hong Kong in October.

The bonds will be listed on the Stock Exchange of Hong Kong, offering more Renminbi asset allocation options for international investors, said the Shenzhen municipal finance bureau.

The bonds will have maturities of two, three, and five years. The ones with maturities of three and five years are green bonds.