China plans a €2B sovereign bond issuance in Paris by Sept 23, to diversify debt and internationalize Renminbi.
China's Ministry of Finance plans to issue up to 2 billion euros in sovereign bonds in Paris, starting September 23. This initiative aims to enhance China's integration into the global financial system and diversify its debt issuance. It represents China's first foreign currency sovereign bond issuance in Europe and is part of broader efforts to internationalize the Renminbi. Further details will be announced prior to the issuance.
September 09, 2024
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