China takes €4bn with stunning euro return
The People’s Republic of China made a huge splash in the euro market on Wednesday as investors pounced on the rare opportunity to buy bonds in the single currency from the sovereign.
Following the mandate announcement last Wednesday for a multi-tranche Reg S euro transaction, the leads announced price thoughts for seven, 12 and 20 year bonds in the early hours of Asian time on Tuesday morning.
Initial price thoughts were mid-swaps plus 45bp-50bp for the seven year, plus 60bp-65bp ...Please take a trial or subscribe to access this content.
Contact our subscriptions team to discuss your access: subs@globalcapital.com
Or sign up for a trial to gain full access to the entire site for a limited period.
Corporate access
To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.
