Asia
China kicks off bond sale to fund stimulus
Helen Sun
Beijing | China will start selling the first batch of its 1 trillion yuan ($213 billion) of ultra-long special sovereign bonds on Friday as it seeks to raise funds to support the world’s second-biggest economy.
The central government will begin to issue some 30-year bonds on Friday, according to a notice by the Ministry of Finance. Bonds with 20-year and 50-year tenors will be offered from May 24 and June 14, respectively. The final batch consisting of 30-year notes will go on sale in November.
Bloomberg
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