Politics
China Starts Marketing Record €5 Billion of Sovereign Bonds
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China Starts Marketing Record €5 Billion of Sovereign Bonds China kicked off marketing up to €5 billion ($5.7 billion) of sovereign bonds in what could be its largest-ever such deal in euros. The Chinese Ministry of Finance set the initial price guidance for the five-year, eight-year and 12-year euro-denominated notes at 15, 22 and 33 basis points above the mid-swap rate respectively, according to a person familiar with the matter. The securities could be priced as early as Thursday, the...
China Starts Marketing Record €5 Billion of Sovereign Bonds
China kicked off marketing up to €5 billion ($5.7 billion) of sovereign bonds in what could be its largest-ever such deal in euros.
The Chinese Ministry of Finance set the initial price guidance for the five-year, eight-year and 12-year euro-denominated notes at 15, 22 and 33 basis points above the mid-swap rate respectively, according to a person familiar with the matter. The securities could be priced as early as Thursday, the person added.