China plans to issue $4bn of sovereign bonds to institutional investors on October 19 as per a statement seen on the Ministry of Finance’s website by IFR. The bond issuance would contain four tranches that include a 3Y, 5Y, 10Y and 30Y with no other details were provided. This would be the republic’s first dollar issuance since last October when it raised $6bn via the same tenors, receiving orders over $27.2bn. In November 2020, the nation issued €4bn via an EUR-denominated sovereign offering comprising 5Y, 10Y and 15Y tranches.
China’s dollar bonds were stable with its 2.25% 2050s at 95.7, yielding 2.46%.