Bankers eye pipeline after China euro bond

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By Addison Gong
07 Nov 2019

China’s Ministry of Finance has raised €4bn from a three tranche deal, returning to the euro market after 15 years away. The bond is expected to encourage Chinese issuers from across the credit spectrum to tap the euro market, writes Addison Gong.

The deal was China’s first appearance in the euro market since October 2004. China turned to euro investors partly because it wanted to diversify away from dollar funding but it was also a strategic move, given the low absolute yield borrowing in euros, said a senior syndicate banker ...

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