China Markets Up to €5 Billion Euro Bonds in Potential Record Sale

2 articles · Updated · Bloomberg · Jun 25

China began marketing as much as €5 billion in euro-denominated sovereign bonds, a deal that could become its largest-ever euro issuance.
Initial price guidance was set at 15 basis points above mid-swaps for five-year notes, 22 basis points for eight-year debt and 33 basis points for 12-year bonds.
The Ministry of Finance is offering three maturities, and the securities could be priced as early as Thursday.
The sale would raise about $5.7 billion and marks a sizable push by China into the euro sovereign bond market.