China plans to issue 1 trillion yuan ($156B) of ultra-long treasury bonds to raise funds and stimulate economy.
China plans to issue 1 trillion yuan ($156B) of ultra-long treasury bonds from May 17 to raise funds through long-term bond issuance, with most bonds having tenors beyond 30 years. This move aims to bolster financial stability amidst economic challenges and stimulate the country's economy. Chinese authorities are consulting with brokers on pricing the initial sale of these sovereign bonds.
May 13, 2024
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