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China Starts Marketing Record €5 Billion of Sovereign Bonds

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.
China (LOCATION) The Chinese Ministry of Finance (ORG)
Originally published by Bloomberg Markets Read original →