September 09, 2024 08:56 GMT
ISSUANCE: China to launch first EUR-denominated bond since November 2021
ISSUANCE
- The Chinese MOF has announced that it will launch a EUR sovereign bond in the W/C 23 September with a size to not exceed E2bln.
- This will be the first Chinese international bond since November 2021 when it launched a triple-tranche 3/7/12-year issue for a combined E4bln (E1.5bln / E1.5bln / E1.0bln respectively).
- As the 3-year issue is due to mature in November of this year, there is a possibility that some of those funds could potentially be rolled into the new issues (given the lack of foreign currency issuance over the past few years its hard to say with certainty either way).
- The new issue will be listed in Paris.
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