China to sell first dollar sovereign bonds since 2004
Add BT as a preferred sourceBeijing
CHINA will sell its first US dollar-denominated sovereign bonds since 2004 in coming months along with yuan bonds, in its first overseas issuance of national debt since Moody's downgraded its sovereign credit rating in May.
The Finance Ministry said on Tuesday it will issue 14 billion yuan (S$2.84 billion) of treasury bonds denominated in yuan, and dollar-denominated sovereign bonds equivalent to two billion yuan in a rare, albeit small-sized offering.
TRENDING NOW
SIA sinks into the red with S$76 million Q1 loss as fuel costs jump
15-month wait-out curb lifted for private property owners buying HDB resale flats
ABSD deadline extended to up to 7 years for developers of large en bloc sites to encourage reuse of land
A ‘shadow bank’ hiding in Singapore’s Little India casts light on financial services gap
