BEIJING (APP/AFP) - The World Bank has issued its first yuan-denominated bond in a move that will help China as it tries to increase the use of its currency in global markets. The Washington-based lender said it would raise 500 million yuan from the two-year bond issue on Hong Kongs yuan-denominated bond market. The move will further deepen the market and permit investors to diversify their currency holdings and expand renminbi exposure, the World Bank said in a statement, using the official name for the Chinese unit. Last month, China said its second yuan-denominated bond issue in HK had initially raised five billion yuan, with plans for another three billion yuan to be sold. The move followed Beijings first yuan-denominated bond issue in Hong Kong in September last year, worth about six billion yuan. It also comes after heavy equipment maker Caterpillar and fast-food giant McDonalds each issued yuan-denominated bonds in HK, the first such sales by non-financial foreign firms in the city.