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China Plans Debut Yuan Bond Sales in Canada Amid Warming Ties

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China Plans Debut Yuan Bond Sales in Canada Amid Warming Ties China is planning to issue yuan-dominated sovereign bonds in Canada for the first time as the two nations strengthen bilateral ties following years of diplomatic strain. The Ministry of Finance will sell up to 4 billion yuan ($600 million) of green sovereign bonds in Canada during week of Nov. 9, according to a statement Thursday. It would mark the first time the MoF’s yuan debt issuance venue extends beyond Hong Kong, Macau and...

China Plans Debut Yuan Bond Sales in Canada Amid Warming Ties China is planning to issue yuan-dominated sovereign bonds in Canada for the first time as the two nations strengthen bilateral ties following years of diplomatic strain. The Ministry of Finance will sell up to 4 billion yuan ($600 million) of green sovereign bonds in Canada during week of Nov. 9, according to a statement Thursday. It would mark the first time the MoF’s yuan debt issuance venue extends beyond Hong Kong, Macau and London, Bloomberg compiled data shows.
China (LOCATION) Canada (LOCATION) The Ministry of Finance (ORG) MoF (ORG) Hong Kong (LOCATION) Macau (LOCATION) London (LOCATION) Bloomberg (ORG)
Originally published by Bloomberg Markets Read original →