China to Start $138 Billion Bond Sale on Friday to Boost Economy
- Total of 1 trillion yuan of debt will be sold through November
- It is fourth such sale in past 26 years, with the last in 2020
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China will start selling the first batch of its 1 trillion yuan ($138 billion) of ultra-long special sovereign bonds this week, as officials ramp up efforts to support the world’s No. 2 economy.
The central government will begin a flurry of such sales this year by issuing 40 billion yuan of 30-year bonds Friday, according to a notice by the Ministry of Finance. That ended months of speculation over when the bonds — only the fourth of their kind in 26 years — would be rolled out, after a broad plan was announced in March.