China Has $340 Billion of Sovereign Bonds to Sell by Year End
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China’s government is expected to sell bonds worth more than $340 billion for the rest of this year, according to Bloomberg calculations, as it taps the remaining annual quota and refinances maturing special bonds.
A total of 2.45 trillion yuan in sovereign bonds will likely be issued in October-December, made up of about 1.66 trillion yuan of new bonds and nearly 786 billion yuan to refinance some maturing special debt.