China issues 4 billion euro-denominated bonds
China's Ministry of Finance (MOF) has successfully issued 4 billion euro-denominated sovereign bonds.
The sovereign bonds issued on Wednesday came in three tranches, comprising five-year bonds, 10-year bonds and 15-year bonds amounting to 750 million euros, 2 billion euros and 1.25 billion euros, respectively, the MOF website said.
The five-year tranche achieved a negative yield for the first time, it added.
According to the ministry, this marks the second consecutive annual issuance since the country restarted the issuance of sovereign eurobonds in 2019.