China's finance ministry has mandated more than a dozen local and global investment banks to manage the possible issuance of four-year and seven-year euro-denominated bonds, according to a term sheet seen by Reuters on Friday.
The mandate announcement comes a week after China's finance ministry said that it would issue up to 4 billion euros (HK$36.7 billion) worth of euro-denominated sovereign bonds in Luxembourg in the week of November 17.
The Chinese government earlier this month raised US$4 billion in a two-tranche dollar bond issuance in Hong Kong, the largest dollar-denominated deal for China in four years, according to LSEG figures.
The banks mandated for the euro-denominated offering included Bank of China (3988), Bank of Communications (3328), Agricultural Bank of China (1288), ICBC (1398), Citigroup, Goldman Sachs, Deutsche Bank, HSBC (0005), and Standard Chartered (2888), the term sheet said.
Reuters
