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People's Republic of China RegS EUR -......>

ISSUANCE
ISSUANCE: People's Republic of China RegS EUR - Update #2 - From market source
- Total Orderbook >EUR 10bln (incl 3.735bln JLM interest), current skew towards
7y and 12y
ISIN Maturity
7yr XS2078532913 12 Nov 2026
12y XS2078533218 12 Nov 2031
20y XS2078535346 12 Nov 2039
IPT:
7YR: IPG MS+45-50 BPS (Hedge: DBR 0 08/15/26)
12YR: IPG MS+60-65 BPS (Hedge: DBR 0 08/15/29)
20YR: IPG MS+75-80 BPS (Hedge: DBR 4.25 07/04/39)
- SIZE: EUR BENCHMARK
- TIMING: TODAY'S BUSINESS

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