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 Nov 18 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.

The issuance reflects China's determination and confidence to open up at a higher level in an all-around way, and would deepen the integration with international capital markets and strengthen cooperation with international investors, the MOF added.