Chinese Finance Ministry announcements or major financial news outlets

China to Issue $140 Billion in Bonds, Including ICBC's $4.15 Billion TLAC, Starting May 17

May 13, 2024, 01:21 AM

China is set to launch a significant debt issuance program to stimulate its economy, with plans to sell a total of $140 billion in long-term bonds. The Industrial and Commercial Bank of China (ICBC) will initiate this with the sale of $4.15 billion in TLAC bonds. Additionally, the Chinese Finance Ministry announced the sale of 1 trillion yuan ($138 billion) in ultra-long special central government bonds, scheduled for issuance by May 17. The issuance will include 20-year, 30-year, and 50-year treasuries, totaling 300 billion yuan, 600 billion yuan, and 100 billion yuan, respectively. These bonds are scheduled to be issued by the end of November.