McDonald’s has launched 200m yuan (£18.2m) bond in Hong Kong – in a private placing move many believe will lead to a ramping up of its expansion in the country. The bonds mature in 2013 at a coupon rate of 3%. A slew of yuan-denominated products have hit the financial markets in Hong Kong after China tweaked its rules to allow their sale in the territory last month. McDonald's plans to use money from the sale to pay for new restaurants in China, where it's expanding its business and plans to open as many as 175 restaurants this year. It already has more than 1,100 stores on the country's mainland.