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Bond Market News
China to Issue First Sovereign Bond since 2004
June 15, 2017
- Following a previous downgrade of China’s credit rating by one notch to A1 on May 24th, China continues its efforts in bonds offerings in bid to internationalise its currency.
- China’s Ministry Of Finance has announced that it will issue 14 billion of Yuan denominated and 2 billion yuan equivalent of USD denominated bonds.
- This will be the first sovereign bond issuance since 2004.
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