The deal will consist of 3- and 7-year tranches
PHOTO
SYDNEY: China is planning a 2 billion euro ($2.24 billion) bond issuance, according to a term sheet reviewed by Reuters on Wednesday.
The deal will consist of 3- and 7-year tranches, the term sheet showed.
The deal's initial price guidance has been set at the mid-swap rate plus about 45 basis points for the 3-year tranche and mid-swap rate plus about 65 basis points for the longer dated bond.
($1 = 0.8935 euros) (Reporting by Scott Murdoch; Editing by Jacqueline Wong)
Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.
