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Year-ender: major financial events of 2020

Updated: Dec 29, 2020 chinadaily.com.cn Print
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China issues 4b euro-denominated bonds of negative yield for the first time

China's Ministry of Finance has successfully issued 4 billion euro-denominated sovereign bonds on Nov 18. [Photo/CFP]

On Nov 18, Ministry of Finance has successfully issued 4 billion euro-denominated sovereign bonds with 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, according to the ministry's website.

The five-year tranche achieved a negative yield of -0.152 percent for the first time.

S&P Global Ratings and Fitch ratings both granted the bond an A+ rating, showing China's sovereign bonds are safer and less risky for foreign investors.

The issuance reflects China's determination and confidence to open up at a higher level in an all-round way, and would strengthen the internationalization of Chinese currency.

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