The issue consists of one tranche, and price guidance to investors has been set at Treasuries plus 210 basis points, the term sheet said

Outstanding overseas institutional holdings of interbank bonds rose to a total of 4 trillion yuan ($628 billion) at the end of last year

A slide in bond prices has pushed the 10-year Treasury yield to 1.769%, its highest since early 2020

The conglomerate raised $1.5 billion in a 10-year tranche, $1.75 billion in a 30-year and $750 million in a 40-year deal

Lender has been operating in the Australian market since 1982, primarily focusing on structured finance activities in the infrastructure, real estate and energy sectors

The third runway project "is almost equal to building a new airport next to the existing one", the authority has said

China will also encourage more long-term foreign investors into its treasury bond market, Wang Xiaolong, director of the Treasury Department in the Ministry of Finance, said

The funds will be used to repay loans and for the expansion of VinFast, the group's automobile unit, it said. Bondholders will be able to exercise options to receive shares in VinFast Singapore.

The advance allocation is aimed to mitigate economic pressure in the first quarter of next year, finance vice-minister Xu Hongcai said

China's property developers may struggle to pay annual bonuses as local governments lock up funds and bond maturities double, says Nomura.

Chinese property developer said it also did not pay a coupon totalling $105 million for notes due in 2023, 2025, and 2026, with the grace period for the first two already expired

Failure to make payments, followed by a string of credit rating downgrades of indebted developers, has roiled China's high-yield debt