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The People’s Republic of China issues EUR2 billion sovereign bond

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Published Date

Oct 15 2024

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A&O Shearman has advised the joint lead managers in connection with the dual-tranche Reg S offering of EUR2bn sovereign bonds by the Ministry of Finance of the People’s Republic of China.

The issuance comprises two tranches including EUR1.25bn 2.500% three-year bonds and EUR750 million 2.625% seven-year bonds. This issuance sees China’s return to the euro bond market, after its last issuance in 2021, this time setting a new pricing benchmark for Chinese corporate offshore bond issuances.

“This dual-tranche offering not only marks China's return to the euro bond market but also sets a new pricing benchmark for Chinese corporate offshore bond issuances. Our team's expertise and dedication were pivotal in navigating the complexities of this transaction and ensuring its successful execution. We look forward to continuing our support for China's financial endeavours on the global stage."