china_ecommerce

REUTERS reports:

China was set to sell its first negative-yielding government bond on Wednesday, becoming the latest to benefit from this year’s plunge in interest rates in the COVID-19 pandemic.

Beijing was poised to sell a 750 million euro ($887.93 million) 5-year bond that, at 30 basis points (bps) above the so-called mid-swap rate of -0.45%, effectively offered investors a -0.15% interest rate.

The three-part deal also consisted of a 2 billion euro 10-year bond priced at 55 ...

Subscription required for Premium stories

In order to view the entire article please login with a valid subscription below or register an account and subscribe to Premium
Premium subscriber
New Premium subscriber REGISTER

Comment on this article


You must be logged in to post a comment.