China Says To Sell Initial Batch Of Long-dated Bonds This Week
Mohammad Ali (@ChaudhryMAli88) Published May 13, 2024 | 03:20 PM
Beijing, (APP - UrduPoint / Pakistan Point News - 13th May, 2024) China will start selling an initial batch of long-dated bonds this week, the Ministry of Finance announced Monday, as Beijing looks to boost support for the world's second-largest economy.
The central government will begin issuing some 30-year bonds on Friday as part of a planned sale of more than $138 billion of debt, according to a notice posted to the ministry's website.
Other bonds with tenors of 20 years and 50 years will go on sale on May 24 and June 14 respectively.
The Ministry of Finance did not specify the number of bonds that will be issued.
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