China to Begin Special Bond Sales With Record 30-Year Offering

China will kick off this year’s ultra-long special government bond sales with a record offering of 30-year notes on Friday, in a move that will offer a gauge of investor demand.

The finance ministry plans to sell 85 billion yuan ($12.5 billion) of 30-year special bonds on April 24, the largest single offering at that tenor on record, according to data compiled by Bloomberg going back to 2007. It will also issue 34 billion yuan of 20-year notes, according to statements released last week.